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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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Auditing And Assurance Services
Authors: Robert Ramsay, Timothy J Louwers
4th Edition
007739657X, 978-0077396572
