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ABC company reported average receivables of $550,000 in 2021. If total sales were $3,500,000 and 50% of these sales were on credit, what was company's
ABC company reported average receivables of $550,000 in 2021. If total sales were $3,500,000 and 50% of these sales were on credit, what was company's average collection period?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
