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Average trade receivables =14,000 Sales =235,000 (of which 80% on credit) Cost of Sales =145,000 What is the receivables collection period, assuming 365 days per

Average trade receivables =14,000 Sales =235,000 (of which 80% on credit) Cost of Sales =145,000 What is the receivables collection period, assuming 365 days per year? A. 27 days 8. 35 days C. 29 days D. 22 days

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