Leisure Products has sales of $738,800,cost of goods sold of $598,200,and accounts receivable of $86,700.How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.
A) 8.65 days
B) 11.28 days
C) 25.01 days
D) 42.83 days
E) 45.33 days
Correct Answer:
Verified
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