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Gravel Bicycle Products has sales of $738,800, cost of goods sold of $598,200, inventory of $124,000 and accounts receivable of $86,700. How many days, on
Gravel Bicycle Products has sales of $738,800, cost of goods sold of $598,200, inventory of $124,000 and accounts receivable of $86,700. How many days, on average, does it take the firm's customers to pay for their purchases? Assume a 365-day year.
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