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Which of the following is a chemical property of formaldehyde (CH2O) ?
Accounts Receivable Turnover
This metric calculates how many times a business can turn its accounts receivable into cash during a certain period, indicating the efficiency of credit and collection policies.
Average Collection Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.
Allowance for Doubtful Accounts
An estimation of accounts receivable that a company does not expect to collect, appearing as a contra-asset account on the balance sheet.
Net Credit Sales
The net income generated from credit sales after subtracting any returns or allowances.
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