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A firm's annual credit sales are $1.2 million and its average receivables are $105,000. Assuming a 365-day year, the average collection period(Days' Sales in Inventory)

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A firm's annual credit sales are $1.2 million and its average receivables are $105,000. Assuming a 365-day year, the average collection period(Days' Sales in Inventory) is 0 32 days 60 days o 20 days 45 days

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