Multiply: 0.29 X 3.001

question 112

Multiple Choice

Multiply: 0.29 x 3.001

• A)0.899
• B)0.00899
• C)0.87029
• D)0.087029

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Definitions:

Average Collection Period

The average time it takes for a company to receive payments from its customers.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects its receivables or the credit it extends to customers.

Accounts Receivable Turnover

A financial ratio indicating how quickly a company collects cash from credit sales by measuring the number of times accounts receivable are collected during a period.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.