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What is ram receivables collection period

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Reference no: EM132122276

The following information relates to RAM Corporation:

               Accounts receivable                     $160,000

               Total credit sales                        $2,500,000

               Accounts payable                       $220,000

What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.

23.04 days

21.56 days

15.62 days

22.50 days

160.00 days

Reference no: EM132122276

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