Question

The days-to-collect measures the:

A) number of days it takes to collect accounts receivable.

B) average number of times the firm completes the selling and collecting cycle during the year.

C) average number of days for a customer's payment to clear the banking system.

D) average number of days before the company receives a customer's payment and uses the cash to re-order merchandise.

Answer

This answer is hidden. It contains 97 characters.