The Villas Corporation's annual sales all on credit) totaled $540,000 in 2016.The company's accounts receivable turnover ratio was 5.Villas' average accounts receivable collection period and year end accounts receivable balance respectively were:
A) 365 days and $108,000.
B) 73 days and $120,000
C) 73 days and $108,000
D) 81 days and $108,000
Correct Answer:
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