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SB Company reported sales of $540,000 on account last year. The company's accounts receivable balance increased from $30,000 at the beginning of the year to

SB Company reported sales of $540,000 on account last year. The company's accounts receivable balance increased from $30,000 at the beginning of the year to $54,000 at the end of the year. What was the company's average collection time? Calculate

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