The following information relates to RAM Corporation.
Accounts receivable $160,000
Total credit sales $2,500,000
Assuming there are 360 days in a year, the receivables collection period of the company is:?
A. ?23.04 days.
B. ?21.56 days.
C. ?25.42 days.
D. ?22.59 days.
E. 24.60 days.?
Answer: A
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