Days' Sales in Receivables Can Be Computed in Two Logical

question 55

Multiple Choice

Days' sales in receivables can be computed in two logical steps.In the second step:

• A)the collection period must be determined.
• B)the average daily sales are computed.
• C)the average daily sales are divided by the average net receivables.
• D)the average net receivables are divided by the average daily sales.

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