Balance Sheet The Balance Sheet and Income Statement of a Particular Firm

question 10

Multiple Choice

Balance Sheet

The balance sheet and income statement of a particular firm are shown above.What does the account receivable days' ratio tell you about this company?

• A)It takes on average about 4 weeks to collect payment from its customers.
• B)It takes on average about 6 weeks to collect payment from its customers.
• C)It takes on average about 7 weeks to collect payment from its customers.
• D)It takes on average about 11 weeks to collect payment from its customers.

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