Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: The company's average collection period (age of receivables) for Year 2 is closest to:
A)70.1 days
B)1.1 days
C)72.1 days
D)1.0 days

Question

Ribaudo Corporation has provided the following financial data from its balance sheet and income statement:  The company's average collection period (age of receivables) for Year 2 is closest to:
A)70.1 days 
B)1.1 days 
C)72.1 days 
D)1.0 days

Quizplus · Accepted Answer

The Answer of Ribaudo Corporation has provided the following financial data from its balance sheet and income statement:  The company's average collection period (age of receivables) for Year 2 is closest to:
A)70.1 days 
B)1.1 days 
C)72.1 days 
D)1.0 days

Ribaudo Corporation Has Provided the Following Financial Data from Its