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Given an accounts receivable turnover of 20 and annual credit sales of $400,000, the average collection period is: 40 days or 45.625 days or 17.49

Given an accounts receivable turnover of 20 and annual credit sales of $400,000, the average collection period is: 40 days or 45.625 days or 17.49 days or 18.25 days?

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