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A company has net credit sales of $4,200,000, a beginning balance of net receivables of $300,000, and an ending balance of net receivables of $400,000.
A company has net credit sales of $4,200,000, a beginning balance of net receivables of $300,000, and an ending balance of net receivables of $400,000. What is the company's days' sales outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.)
Note: Days Sales Outstanding = 365 Accounts receivable turnover
Note: Accounts receivable turnover = Net credit sales Average net accounts receivable
Group of answer choices
12 days
30 days
40 days
45 days
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