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Granger Corporation had $207,000 in sales on account last year. The beginning accounts receivable balance was $23,000 and the ending accounts receivable balance was $28,000.
Granger Corporation had $207,000 in sales on account last year. The beginning accounts receivable balance was $23,000 and the ending accounts receivable balance was $28,000. The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 45.0 days 40.6 days 49.4 days 8.1 days ET
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