Which of the following best describes the receivables conversion period for a company?
A) The time between when goods arrive at the company and when they are sold.
B) The time between when goods arrive at the company and when the cash is collected from their sale.
C) The time between when goods are paid for and when they are sold.
D) The time between when good are sold and when the cash is collected from their sale.
Correct Answer:
Verified
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