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Question
winsor clothing store had a balance in the accounts receivable account of $760,000 at the beginning of the year and a balance of $840,000 at the end of the year. net credit sales during the year amounted to $6,800,000. the average collection period of the receivables in terms of days was
a.30 days
b.365 days
c.45.1 days
d.42.9 days
Answer
This answer is hidden. It contains 1 characters.
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