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Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) (a1) Your answer is
Calculate the average collection period for both companies. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) (a1) Your answer is correct. Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)
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