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A firm has sales of $2.5 million and 15 percent of the sales are for cash. The year-end accounts receivable balance is $180,000 What is
A firm has sales of $2.5 million and 15 percent of the sales are for cash. The year-end accounts receivable balance is $180,000 What is the average collection period? (Use a 360-day year. Do not round intermediate calculations. Round your final answer to 2 decimal places. Average collection period days
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Finance And Financial Markets
Authors: Keith Pilbeam
2nd Edition
1403948356, 978-1403948359
