If Accounts Receivable Turnover Is 10

question 48

Multiple Choice

If Accounts Receivable turnover is 10.4, this means that from the date of:

• A)purchase to the date of payment is approximately 35 days.
• B)sale to the date of receipt of payment is approximately 35 days.
• C)discount to the date of receipt of payment is approximately 35 days.
• D)invoice to the date of payment is approximately 35 days.

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