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A company had total sales of $500,000 during the year and collected $450,000 from customers. The company also had accounts receivable of $20,000 at the

A company had total sales of $500,000 during the year and collected $450,000 from customers. The company also had accounts receivable of $20,000 at the beginning of the year and $25,000 at the end of the year. Calculate the company's accounts receivable turnover and average collection period.

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