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A company has annual sales of $750,000, and it has $100,000 of accounts receivable. Based on a 365-day year, what is the average collection period

A company has annual sales of $750,000, and it has $100,000 of accounts receivable. Based on a 365-day year, what is the average collection period (or DSO)?

A.

52 days
B.

50 days
C.

49 days
D.

54 days
E.

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