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QUESTION 41 1. Tan Co. had total operating revenues of $1,000 over the past year. During that time, average receivables were $50. What was the
QUESTION 41 1. Tan Co. had total operating revenues of $1,000 over the past year. During that time, average receivables were $50. What was the average collection period (ACP) given a 365-day year? 18.25 days 22.5 days 36.5 days 47.5 days 73 days
QUESTION 41
1. Tan Co. had total operating revenues of $1,000 over the past year. During that time, average receivables were $50. What was the average collection period (ACP) given a 365-day year?
18.25 days
22.5 days
36.5 days
47.5 days
73 days
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