If Accounts Receivable turnover is 10.4, this means that from the date of:
A) purchase to the date of payment is approximately 35 days.
B) sale to the date of receipt of payment is approximately 35 days.
C) discount to the date of receipt of payment is approximately 35 days.
D) invoice to the date of payment is approximately 35 days.
B) sale to the date of receipt of payment is approximately 35 days.
Explanation: 365 days/10.4 = 35
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