The manager of your receivables' department states that the firm's accounts receivable turn over 25 times per year.What does this mean?
A) It takes about 25 days, on average, for customers to pay for their orders
B) It takes about 15 days, on average, for customers to pay for their orders QUOTE
C) It takes about 2 days, on average, for customers to pay for their orders
D) None of the above
Correct Answer:
Verified
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