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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 $ and its beginning and ending balances in accounts receivable were $ and $ respectively. In addition, its cost of goods sold was $ and its beginning and ending inventory balances were $ and $ respectively. The average collection period is closest to:
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