Billing's Pit Corporation Has an Accounts Receivable Turnover Ratio of 3.4.What

question 101

Multiple Choice

Billing's Pit Corporation has an accounts receivable turnover ratio of 3.4.What is Billing's Pit Corporation's average collection period? You may use a 360-day year.

• A)106 days
• B)102 days
• C)73 days
• D)55 days

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Definitions:

Centralized Control

An organizational structure where decision-making authority is concentrated at the top levels of management.

Labor Relations

Field that emphasizes skills that managers and union leaders can use to minimize costly forms of conflict (such as strikes) and seek win-win solutions to disagreements.

U.S. Organizations

Entities or groups that are established and operate within the United States, following specific legal and cultural norms of the country.

Workforce

The group of people who are employed by a particular company, industry, or economy at large.