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Barney's Antique Shop has annual credit sales of $1,620,000 and an accounts receivable balance of $157,500. Calculate the average collection period (use 360 days in a year). 9. 10. Mervyn's Fine Fashions has a accounts receivable balance is $95,000. What is the value of its credit sales? n average collection period of 50 days. The Intermediate Problems 11. Rou te Canal Shipping Company has the following schedule for aging of accounts receivable: a. Fill in column (4) for each month