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COLLEGE FINANCE LEVEL 1 Please show your work 1. Sanders' Prime Time Lighting Co. has credit sales of $2,232,000 and accounts receivable of $409,200. Compute
COLLEGE FINANCE LEVEL 1
Please show your work
1. Sanders' Prime Time Lighting Co. has credit sales of $2,232,000 and accounts receivable of $409,200. Compute the value for the average collection period. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole number.) Average collection period daysStep by Step Solution
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