If the Average Collection Period Is 73 Days, What Is

question 160

Multiple Choice

If the average collection period is 73 days, what is the accounts receivable turnover?

• A) 5 times
• B) 20 times
• C) 10 times
• D) 6 times

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Definitions:

School Year

The period of the year during which students attend school to receive instruction, typically running from late summer or early autumn to late spring or early summer.

Immediate Abolition

The immediate and unconditional ending of slavery, without any phase-out period, advocated by certain abolitionist groups before and during the American Civil War.

William Lloyd Garrison

An American abolitionist, journalist, suffragist, and social reformer best known for his anti-slavery newspaper "The Liberator" and for founding the American Anti-Slavery Society.

James G. Birney

An American abolitionist leader who ran for President of the United States as a candidate of the Liberty Party, advocating for the end of slavery.