The Following Information Relates to RAM Corporation What Is RAM's Receivables Collection Period (DSO)? in Your Computations

question 6

Multiple Choice

The following information relates to RAM Corporation:

$\begin{array} { l c } \text { Accounts receivable } & \$ 160,000 \\\text { Total credit sales } & \$ 2,500,000 \\\text { Accounts payable } & \$ 220,000\end{array}$

What is RAM's receivables collection period (DSO) ? In your computations, assume there are 360 days in a year. 

• A)23.04 days
• B)21.56 days
• C)15.62 days
• D)22.50 days
• E)160.00 days

---

Definitions:

Large Shirt

A clothing size designed to fit individuals who require a larger measurement for the chest and waist.

Contestants

Individuals or teams that take part in a competition or contest.

Winners

Individuals or groups who achieve first place or victory in a competition, contest, or challenge.

Conservative Candidate

A political candidate who aligns with conservative principles, advocating for tradition and hesitant towards change.