A retailer's net sales equals $1,000,000; its accounts receivables are $150,000. Its collection period is _____ days.

A retailer's net sales equals $1,000,000; its accounts receivables are $150,000. Its collection period is _____ days.

A retailer's net sales equals $1,000,000; its accounts receivables are $150,000. Its collection period is _____ days.


a. 6

b. 15

c. 47

d. 55


Answer: D


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