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Human Resource Finance Accounting Melbourne Company had $360,000 in sales on account last year. The beginning accounts receivable balance was $20,000 and the ending accounts

Human Resource Finance Accounting

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Melbourne Company had $360,000 in sales on account last year. The beginning accounts receivable balance was $20,000 and the ending accounts receivable balance was $36,000. The company's average collection period (age of receivables) was closest to: Multiple Choice 20.28 days 28.39 days O 36.50 days 56.78 days

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