The formula to calculate the age of accounts receivable is
A) 360 ÷ (Net credit sales ÷ Average accounts receivable)
B) 360 days ÷ (Net income ÷ Average accounts receivable)
C) (Net credit sales ÷ Average accounts receivable) ÷ 360 days
D) Average accounts receivable ÷ 360 days
E) Net credit sales ÷ 360 days
Correct Answer:
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