If the Accounting Period Is One Year with Credit Sales

question 81

Multiple Choice

If the accounting period is one year with credit sales totaling $2,500,000 and accounts receivable totaling $200,000, what is the average collection period ratio?

• A) 29.2 days
• B) 365 days
• C) 119.3 days
• D) Cannot be determined from the information provided

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Definitions:

Clinical Nursing Data

Information related to a patient's health status collected by nurses, which contributes to diagnosing, planning, and evaluating patient care.

Demographic Data

Information about the characteristics of a population, such as age, race, gender, and income.

Canadian Nursing Informatics Association

A professional organization dedicated to integrating nursing with information management and technology to improve healthcare in Canada.

Helping Relationship

A professional connection where one individual assists another in making changes or improvements in their life, often found in counseling or social work.