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Calculating the Average Collection Period $527,164. Credit sales for the year just ended were $6,787,626. What is the receivables turnover? The days' sales in receivables?

Calculating the Average Collection Period

$527,164. Credit sales for the year just ended were $6,787,626. What is the receivables turnover? The days' sales in receivables? How long did it take, on average, for credit customers to pay off their accounts during the past year?

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