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A company has sales of $626,000. The cost of goods sold is equal to 68 percent of sales. The beginning accounts receivable balance is $75,534
A company has sales of $626,000. The cost of goods sold is equal to 68 percent of sales. The beginning accounts receivable balance is $75,534 and the ending accounts receivable balance is $76,209. How long on average does it take the firm to collect its receivables
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
17th edition
1119503663, 1119571480, 1-119-50368-2, 111950368X, 978-1119503668
