The following information relates to RAM Corporation: Accounts receivable $160,000 Total credit sales $2,500,000 Accounts payable $220,000 What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.
A. 23.04 days
B. 21.56 days
C. 15.62 days
D. 22.50 days
E. 160.00 days
Answer: A
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