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7) Given an accounts receivable turnover of 10 and annual credit sales of $900,000, the average collection period is A) 18.25 days. B) 36.50 days.

7) Given an accounts receivable turnover of 10 and annual credit sales of $900,000, the average collection period is A) 18.25 days. B) 36.50 days. C) 90 days. D) 40.56 days.

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