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Marigold Shop had a balance in the Accounts Receivable account of $759000 at the beginning of the year and a balance of $969000 at
Marigold Shop had a balance in the Accounts Receivable account of $759000 at the beginning of the year and a balance of $969000 at the end of the year. Net credit sales during the year amounted to $15768000. The average collection period of the receivables in terms of days was 17.4 days. 20.0 days. 18.3 days. 9.1 days.
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Management Information Systems Managing the Digital Firm
Authors: Ken Laudon, Jane P. Laudon
13th edition
133050696, 978-0133050691
