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Camden Hardware's credit sales for the year were $531,000. Accounts receivable at the beginning and end of the year were $49,00 and $69,000, respectively. a.

image text in transcribed Camden Hardware's credit sales for the year were $531,000. Accounts receivable at the beginning and end of the year were $49,00 and $69,000, respectively. a. Calculate the accounts receivable turnover ratio. b. Calculate the average collection period for the year. (Round your answers to 2 decimal places. Use 365 days a year.)

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