Financial accounting questions Given an accounts receivable turnover of 10 and annualcredit sales of $900,000, the average collection period isA) 18.25 days.B) 36.50 days.C) 90 days.D) 40.56 days.

Step 1: Define Accounts Receivable ManagementThe process of establishing limitations on choice of…

Answered: Given an accounts receivable turnover…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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Given an accounts receivable turnover of 10 and annual credit sales of $900,000, the average collection period is A) 18.25 days. B) 36.50 days. C) 90 days. D) 40.56 days.