What is the firm average collection period

Reference no: EM13287119

The Boat House offers credit terms of 2/15, net 45 to all of its customers. Historically, 86 percent of its customers take advantage of the discount. What is the firm's average collection period?

A. 17.36 days
B. 18.87 days
C. 19.20 days
D. 20.33 days
E. 21.08 days

Reference no: EM13287119

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