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Consider the following information for the PVI Corporation: Credit sales $ 3 4 , 7 3 1 Cost of goods sold 2 9 , 9
Consider the following information for the PVI Corporation:
Credit sales $
Cost of goods sold
Accounts receivable
Accounts payable
How long does it take PVI to collect on its sales? How long does PVI take to pay its suppliers? Use days a year. Do not round intermediate calculations. Round the final answers to the nearest whole number.
Average collection period
days
Average payment period
days
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