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Problem 3-18 Average collection period [LO3-2] A firm has sales of $2.4 million, and 20 percent of the sales are for cash. The year-end accounts

Problem 3-18 Average collection period [LO3-2] A firm has sales of $2.4 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $145,000. What is the average collection period? (Use a 360-day year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Average collection period days

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