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Cat Supplies offers terms of 1/10, net 35. The discount is taken by 76 percent of customers. What is the company's average collection period? (Show
Cat Supplies offers terms of 1/10, net 35. The discount is taken by 76 percent of customers. What is the company's average collection period? (Show your work)
Multiple choice:
a. 19.25 days
b. 22.81 days
c. 16.00 days
d. 14.77 days
e. 22.50 days
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