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A firm has accounts receivable of $ 1 5 0 , 0 0 0 . During the year, total sales are $ 5 0 0

A firm has accounts receivable of $150,000. During the year, total sales are $500,000, of which $300,000 are cash sales. What is the average collection period?
Question 21Select one:
a.
109.5 days
b.
182.5 days
c.
273.8 days
d.
486.7 days
e.
None of the above

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