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Please answer the question fast i beg you A firm has sales worth $1.5 million with 15% sales on cash. The receivable balance is $46,000.

Please answer the question fast i beg you

A firm has sales worth $1.5 million with 15% sales on cash. The receivable balance is $46,000. What is the average collection period of the firm. How would this collection period be impacted if you start selling more on cash and less on credit?

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