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Given an accounts receivable turnover of 8.5 times a year, and annual credit sales of $932,000, find: (1) the average collection period (1 mark) (2)

Given an accounts receivable turnover of 8.5 times a year, and annual credit sales of $932,000, find: (1) the average collection period (1 mark) (2) the accounts receivable (1 mark) 7 " B

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