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  3. for the year ending 12/31/19, tommy company's acco

For the year ending 12/31/19, Tommy Company's accounts receivable turnover is 15. The company has...

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Accounting

For the year ending 12/31/19, Tommy Company's accounts receivable turnover is 15. The company has a 30-day credit policy. Which of the following conclusions can be drawn? (Average collection period = 365/Accounts Receivable Turnover). A. On average, the company's inventory is selling rather quickly B. On average, the company's inventory is selling rather slowly C. On average, the company is not experiencing difficulty collecting from its credit customers D. On average, the company is experiencing difficulty collecting from its credit customers

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