Smart and Smiley Incorporated has an average collection period of 74 days - 3752

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Request Description

 Smart and Smiley Incorporated has an average collection period of 74 days. What is the accounts receivable turnover ratio for Smart and Smiley? You may use a 360-day year.

a.   4.86

b.   2.47

c.   2.66

d.   1.68

Solution Description

 Smart and Smiley Incorporated has an average col