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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