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Lucky Furniture Store has the following balances in its financial statements for the past financial year: Sales - R1,854,200 Cost of sales R1,534,200 Gross profit
Lucky Furniture Store has the following balances in its financial statements for the past financial year: Sales - R1,854,200 Cost of sales R1,534,200 Gross profit R320,000 Inventory R122,736 Receivables R180,270 Cash R245,472 Non-current assets R1,448,594 Total assets R2,671,594 Assuming a 360-day year, the average collection period is _____ days
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