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A company has provided the following information: Net sales totaled $930,000. Beginning net accounts receivable was $74,000. Ending net accounts receivable was $103,000. What
A company has provided the following information: Net sales totaled $930,000. Beginning net accounts receivable was $74,000. Ending net accounts receivable was $103,000. What was the company's average collection period? (Use 365 days a year. Do not round intermediate calculations.) Multiple Choice 29.04 days. 34.73 days. 40.42 days. 69.47 days.
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
