Correct! The average collection period is computed by dividing the number of days in the year by the accounts receivable turnover, or 365/7 = 52 days.  	  Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of 7.00. What is its average collection period (days)? | eBooks | Education

Correct! The average collection period is computed by dividing the number of days in the year by the accounts receivable turnover, or 365/7 = 52 days. Prall Corporation sells its goods on terms of...

Correct! The average collection period is computed by dividing the number of days in the year by the accounts receivable turnover, or 365/7 = 52 days. Prall Corporation sells its goods on terms of... PLDZ-5981 Free
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Correct! The average collection period is computed by dividing the number of days in the year by the accounts receivable turnover, or 365/7 = 52 days.

 

 

Prall Corporation sells its goods on terms of 2/10, n/30. It has a receivables turnover ratio of 7.00. What is its average collection period (days)?

http://issuu.com/lucky269/docs/uoptutorial.docx

 

2 days

 

2,555 days

 

30 days

 

52 days

 

Correct! The average collection period is computed by dividing the number of days in the year by the accounts receivable turnover, or 365/7 = 52 days. Prall Corporation sells its goods on terms of 2/10, n/30. It has a recei
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