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1. Toronto Film School has a current ratio of 2, a quick ratio of 1.8, net income of $180,000, a profit margin of 10%, and

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1. Toronto Film School has a current ratio of 2, a quick ratio of 1.8, net income of $180,000, a profit margin of 10%, and an accounts receivable balance of $150,000. What is the firm's average collection period? A. 50 days B.43 days C. 30 days D. 24 days E. 16 days

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