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How many days does it take on average for Fotoshop to collect cash from customers who buy on credit given the following data? Total sales
How many days does it take on average for Fotoshop to collect cash from customers who buy on credit given the following data?
Total sales = $1000, sales on credit=75% of total sales, A/R at beginning of the year $200, A/R at the end of the year $300.
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