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Problem 7-5 Average collection period (L07-4] Thompson Wood Products has credit sales of $2,736,000 and accounts receivable of $699,200. Compute the value of the average

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Problem 7-5 Average collection period (L07-4] Thompson Wood Products has credit sales of $2,736,000 and accounts receivable of $699,200. Compute the value of the average collection period. (Use a 360-day year.) Average collection period days

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