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Sales last year were 535,000 and its year end recievable were 72,500 the firm sells on terms that call for customers to pay 30 days
Sales last year were 535,000 and its year end recievable were 72,500 the firm sells on terms that call for customers to pay 30 days after the purchase but some delay payment beyond 30 days. On average how many days late do customers pay? All sales to be on credit.
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