If the Average Collection Period Is 50 Days, What Is

question 167

Multiple Choice

If the average collection period is 50 days, what is the receivables turnover?

• A) 6.64 times
• B) 7.30 times
• C) 3.65 times
• D) none of these

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A set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

Interpret

To explain the meaning of information, words, or actions, often involving a subjective understanding.

Ambiguity

The quality of being open to more than one interpretation; the lack of definitiveness or clarity in meaning or intention.

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A piece of sporting equipment used in baseball to hit the ball after it is thrown by the pitcher.