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Smart and Smiley Incorporated Has an Average Collection Period of 74

Question 16

Multiple Choice

Smart and Smiley Incorporated has an average collection period of 74 days.What is the accounts receivable turnover ratio for Smart and Smiley? You may use a 360-day year.


A) 4.86
B) 2.47
C) 2.66
D) 1.68

Correct Answer:

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