The following information has been obtained on Alberta Drilling Company for 2022:
The receivables turnover and average collection period for Alberta Drilling Company are:
A) Receivables turnover: 67.59; collection period: 5.40 days
B) Receivables turnover: 40.56; collection period: 9.00 days
C) Receivables turnover: 9.00; collection period: 40.56 days
D) Receivables turnover: 5.40; collection period: 67.59 days
Correct Answer:
Verified
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