Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period?
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✅ Correct answer:
Option A : 5 days
Option B : 36 days
Option C : 48 days
Option D : 73 days Read More Details about this Mcq
Option E :
Correct Answer : 73 days
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