Multiple Choice
Grasse Company had $160,000 in sales on account last year.The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $12,000.The company's average collection period was closest to:
A) 25.09 days
B) 22.81 days
C) 50.19 days
D) 27.38 days
Correct Answer:
Verified
Correct Answer:
Verified
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