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QUESTION 19 Sheffield Clothing Store had a balance in the Accounts Receivable account of $420000 at the beginning of the year and a balance of
QUESTION 19 Sheffield Clothing Store had a balance in the Accounts Receivable account of $420000 at the beginning of the year and a balance of $530000 at the end of the year. Net credit sales during the year amounted to $2375000. The average collection period of the receivables in terms of days was 81.45 days 64.55 days. 73.00 days 365.00 days
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