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24) If a firm starts the year with receivables of $80,000 and produces sales for the year of $300,000, what is its average collection period

24) If a firm starts the year with receivables of $80,000 and produces sales for the year of $300,000, what is its average collection period in days? A) 3.75 B)97.3 C)52 D) 77.9

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