Curry had current liabilities of $1,000 at December 31, Year 2, and credit sales of $7,200 for Year 2.
-Curry Company's average collectionperiod (age of receivables) for Year 2 was closest to which of the following?
A) 30.4 days.
B) 40.6 days.
C) 50.7 days.
D) 60.8 days.
Correct Answer:
Verified
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