The Days-To-Collect Measure Is Calculated As

question 104

Multiple Choice

The days-to-collect measure is calculated as:

• A) the number of days an average selling and collecting cycle takes.
• B) the average number of times the firm completes the selling and collecting cycle during the year.
• C) the average number of days for a customer's payment to clear the banking system.
• D) the average number of days before the company receives a customer's payment and uses the cash to re-order