Question: The average collection period ( ACP ) is the number of days, on average, that it takes the business to collect its receivables accounts. The

The average collection period (ACP) is the number of days, on average, that it takes the
business to collect its receivables accounts. The longer it takes, the greater the amount of
funds tied up in receivables, and hence the greater the cost of carrying the receivables.
True
False
The average collection period (ACP) is the number of days, on

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