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A company has annual sales of $4,610,000 and its average daily accounts receivable is $357,000. What is the average days' sales in receivables? Assume 365

A company has annual sales of $4,610,000 and its average daily accounts receivable is $357,000. What is the average days' sales in receivables? Assume 365 days per year.

22.94 times

12.91 times

28.27 times

31.41 times

32.98 times

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