Question: The average collection period is computed by dividing a. net credit sales by ending gross accounts receivable. b. 365 days by the accounts receivable turnover

The average collection period is computed by dividing
a. net credit sales by ending gross accounts receivable.

 b. 365 days by the accounts receivable turnover ratio. 

c. net credit sales by average gross accounts receivable. 

d. the accounts receivable turnover ratio by 365 days.

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