Queen Co'S Balance in Accounts Receivable Is $240,000

question 117

Multiple Choice

Queen Co.'s balance in accounts receivable is $240,000. Annual credit sales are $2,880,000. Queen's average collection period is

• A) 12 days.
• B) 30.4 days.
• C) 2.5 days.
• D) There is not enough information.

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