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    Introduction to Managerial Accounting Study Set 2
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    Exam 13: Financial Statement Analysis
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    Ribaudo Corporation Has Provided the Following Financial Data from Its
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Ribaudo Corporation Has Provided the Following Financial Data from Its

Question 227

Question 227

Multiple Choice

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Ribaudo Corporation has provided the following financial data from its balance sheet and income statement:   The company's average collection period (age of receivables)  for Year 2 is closest to: A) 70.1 days B) 1.1 days C) 72.1 days D) 1.0 days The company's average collection period (age of receivables) for Year 2 is closest to:


A) 70.1 days
B) 1.1 days
C) 72.1 days
D) 1.0 days

Correct Answer:

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