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a company has the following financial information: opening trade receivables: 4 cash sales: 5 credit sales: 45 cost of goods sold: 30 closing trade receivables:

a company has the following financial information:

opening trade receivables: 4

cash sales: 5

credit sales: 45

cost of goods sold: 30

closing trade receivables: 6

what is the average settlement period for trade receivables?

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