Return to the data in the preceding question. A year ago receivables stood at ($66,900), and sales
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Return to the data in the preceding question. A year ago receivables stood at \($66,900\), and sales for the current year totaled \($706,600\). How many days did it take you to collect your average level of receivables?
a. 35
b. 49
c. 30
d. 29
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Related Book For
Financial And Managerial Accounting
ISBN: 9780135080191
2nd Edition
Authors: Charles T Horngren, Jr Walter T Harrison
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