(Answered) The following information relates to ram

Finance

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

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