Septon Inc. has an average collection period of 74 days. What is the accounts receivable turnover
ratio for Septon Inc.?
A) 2.66 B) 4.93 C) 2.47 D) 1.74
Question 2
Which of the following statements is/are advantages of incorporation?
A) Access to capital markets
B) Limited liability
C) Unlimited life
D) All of the above