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Clover Corporation provides you with the following financial data related to its 2020 financial statements: Average Accounts Receivable = $60,000 Sales (on account) during 2020
- Clover Corporation provides you with the following financial data related to its 2020 financial statements:
- Average Accounts Receivable = $60,000
- Sales (on account) during 2020 = $2,190,000
- Average Accounts Receivable = $60,000
- Sales (on account) during 2020 = $2,190,000
What is Clover Corporations Average Collection Period?
A. 73.00 times
B. 36.50 times
C. 18.25 times
D. 20 Days
E. 10 Days
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