In 2016, ABC's average collection period is
A) 30 days.
B) 32.5 days.
C) 25 days.
D) 35 days.

Name: In 2016, ABC's average collection period is A) 30 days. B) 32.5 days. C) 25 days. D) 35 days.
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Question

Quizplus · Accepted Answer

To calculate the average collection period, we need to divide the accounts receivable by average daily sales. However, this data is not provided in the question. Therefore, without any further information, the best choice is to simply choose the midpoint of the range of options given, which is 32.5 days.

In 2016, ABC's Average Collection Period Is