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Find the average collection period days in receivables. Revenue = $700,000 COGS = 75% of revenue Beginning receivables balance = $50,000 Ending receivables balance =
Find the average collection period days in receivables.
Revenue = $700,000
COGS = 75% of revenue
Beginning receivables balance = $50,000
Ending receivables balance = $54,000
Thank you.
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
