A collection period equals _____.
a. [(accounts receivable)/(net sales)] x 365
b. (accounts receivable)/(net sales)
c. [(current assets)/net sales)] x 365
d. [(cash) + (accounts receivable)/(net sales)] x 365
Answer: A
a. [(accounts receivable)/(net sales)] x 365
b. (accounts receivable)/(net sales)
c. [(current assets)/net sales)] x 365
d. [(cash) + (accounts receivable)/(net sales)] x 365
Answer: A