A retailer typically has half of its sales on credit.Credit sales are payable in full within 30 days of the merchandise's sales.The retailer's collection period (based on total net sales)is 15 days.The retailer has ________.
A) slow-turning accounts receivable
B) average-turning accounts receivable
C) fast-turning accounts receivable
D) high financial leverage

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The Answer of A retailer typically has half of its sales on credit.Credit sales are payable in full within 30 days of the merchandise's sales.The retailer's collection period (based on total net sales)is 15 days.The retailer has ________.
A) slow-turning accounts receivable
B) average-turning accounts receivable
C) fast-turning accounts receivable
D) high financial leverage

A Retailer Typically Has Half of Its Sales on Credit