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Rawe Corporation's accounts receivable at the end of Year 2 was $348,000 and its accounts receivable at the end of Year 1 was $302,000.
Rawe Corporation's accounts receivable at the end of Year 2 was $348,000 and its accounts receivable at the end of Year 1 was $302,000. Sales, all on account, amounted to $1,410,000 in Year 2. The company's average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
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