Which one of the following statements is correct if a firm has a receivables turnover of 36.5? Group of answer choices It takes the firm 36.5 days to collect payment from its customers. It takes the firm an average of 10 days to sell its items. The firm collects on its sales in an average of 10 days. The firm has 36.5 times more in accounts receivable than it does in cash. None of the above.
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