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Pina Colada Corp. had a balance in the Accounts Receivable account of $819000 at the beginning of the year and a balance of $921000 at
Pina Colada Corp. had a balance in the Accounts Receivable account of $819000 at the beginning of the year and a balance of $921000 at the end of the year. Net credit sales during the year amounted to $8042000. The average collection period of the receivables in terms of days was
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