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Lorenzo Carter Corp. has net income of $161,000, sales of $1,567,890, and an accounts receivable balance of $78,909. Assume that 100% percent of sales are
Lorenzo Carter Corp. has net income of $161,000, sales of $1,567,890, and an accounts receivable balance of $78,909. Assume that 100% percent of sales are on credit. What is the days' sales in receivables? 31.90 days 28.56 days 33.18 days 18.37 days 36.19 days
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