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The Accounts Receivable Turnover Ratio of a Merchandiser Is 9

Question 21

Multiple Choice

The accounts receivable turnover ratio of a merchandiser is 9.8 times. Calculate the days' sales in receivables for the merchandiser. (Round to the nearest day.)


A) 33 days
B) 37 days
C) 28 days
D) 40 days

Correct Answer:

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