A firm's accounts receivables are $1,000,000; its net sales are $16,000,000. Its collection period is _____ days.

A firm's accounts receivables are $1,000,000; its net sales are $16,000,000. Its collection period is _____ days.

A firm's accounts receivables are $1,000,000; its net sales are $16,000,000. Its collection period is _____ days.


a. 6

b. 23

c. 30

d. 67


Answer: B


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