Question

The receivables turnover ratio:

A) is calculated as the average number of days from the time a sale is made on account to the time cash is collected.

B) is calculated as the average number of days from the time a sale is made on account to the time payment is due.

C) measures how many times a year receivables go uncollected.

D) measures how many times, on average, the process of selling and collecting is repeated during the period.

Answer

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