Multiple Choice
Grast Company had $170,000 in sales on account last year. The beginning accounts receivable balance was $14,000 and the ending accounts receivable balance was $16,000. The company's average collection period was closest to:
A) 32.21 days
B) 30.06 days
C) 64.41 days
D) 34.35 days
Correct Answer:
Verified
Correct Answer:
Verified
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