80% of sales of 10,00,000 of a firm are on credit. It has a Receivable – McqOptions

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1.	80% of sales of 10,00,000 of a firm are on credit. It has a ReceivableTurnover of 8. What is the Average collection period (360 days a year) and Average Debtors of the firm?
A.	45 days and 1,00,000,
B.	360 days and 1,00,000,
C.	45 days and 8,00,000
D.	360 days and 1,25,000.
Answer» B. 360 days and 1,00,000,

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