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Assume a company had sales on account of $ 1 6 0 , 0 0 0 and its beginning and ending balances in accounts receivable

Assume a company had sales on account of $160,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, respectively. In addition, its cost of goods sold was $128,000 and its beginning and ending inventory balances were $10,000 and $14,000, respectively. The average collection period is closest to:

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