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enue is on credit and its year-ending receivables turnover is 5, what is their average annual collection period as well as their year-end receivables?...
If 90% of a company's $600,000 worth of revenue is on credit and its year-ending receivables turnover is 5, what is their average annual collection period as well as their year-end receivables?
a) 365 days and $108,000.
b) 73 days and $120,000.
c) 73 days and $108,000.
d) 81 days and $108,000