The Foster Hotel had credit sales of $273,750 last year an average accounts receivable balance of $30,000 during the year. Based on this information, what is the average amount of days of credit that the Foster Hotel is extending to its credit customers?
A) 25 days
B) 30 days
C) 35 days
D) 40 days
E) 45 days
Correct Answer:
Verified
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