The Holiday Corporation Had Sales of $450 Million This Year

question 105

Multiple Choice

The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on average, does it take the firm to collect on its sales?

• A) 15.0 days
• B) 24.3 days
• C) 12.2 days
• D) 16.7 days

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Definitions:

Ultrasound

A diagnostic imaging technique that uses high-frequency sound waves to create images of structures within the body.

Intracranial Structures

Structures located within the cranium, including the brain, blood vessels, cranial nerves, and cerebrospinal fluid.

Barium Enema

A diagnostic test in which a liquid containing barium is inserted into the rectum to enhance the imaging of the colon on an X-ray.

Anteroposterior

An anatomical term referring to the direction from the front (anterior) to the back (posterior) of the body.