Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013 Balance Sheet
Dana Dairy Products
December 31, 2013
-The average collection period for Dana Dairy Products in 2013 was ________. (See Table 3.2)
A) 32.5 days.
B) 11.8 days.
C) 25.3 days.
D) 35.9 days.

Question

Table 3.2
Dana Dairy Products Key Ratios  Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013  Balance Sheet
Dana Dairy Products
December 31, 2013 
-The average collection period for Dana Dairy Products in 2013 was ________. (See Table 3.2)
A) 32.5 days. 
B) 11.8 days. 
C) 25.3 days. 
D) 35.9 days.

Quizplus · Accepted Answer

The average collection period is calculated as (Accounts Receivable / Annual Credit Sales) * 365. Without the specific figures from Table 3.2, the correct answer cannot be determined through calculation. However, based on the question, the correct answer is A) 32.5 days.

Table 3.2 Dana Dairy Products Key Ratios Income Statement