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Billings, Inc. has net income of $161,000, a profit margin of 7.6 percent, and an average accounts receivable balance of $127,100. Assume that 40 percent

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Billings, Inc. has net income of $161,000, a profit margin of 7.6 percent, and an average accounts receivable balance of $127,100. Assume that 40 percent of sales are credit sales. Part 1 Attempt 1/3 for 10 pts. What is the average collection period of the receivables (in days)

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