The accounts receivable turnover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.)
A) 34 days
B) 38 days
C) 29 days
D) 41 days
B) 38 days
Explanation: Days' sales in receivables = 365 / 9.7 = 38 days (rounded)
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