Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010 Balance Sheet
Dana Dairy Products
December 31, 2010
-If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2)
A) has deteriorated
B) remained the same
C) has improved
D) cannot be determined

Question

Table 3.2
Dana Dairy Products Key Ratios  Income Statement
Dana Dairy Products
For the Year Ended December 31, 2010  Balance Sheet
Dana Dairy Products
December 31, 2010 
-If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2009. (See Table 3.2)
A) has deteriorated 
B) remained the same 
C) has improved 
D) cannot be determined

Quizplus · Accepted Answer

The table does not provide information on the average collection period for Dana Dairy Products. Therefore, the answer cannot be determined.

Table 3.2 Dana Dairy Products Key Ratios Income Statement