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select answer choice by weates are all on account provided the following information Gross margin percentage Cost of goods sold Accounts receivable balance, beginning of
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by weates are all on account provided the following information Gross margin percentage Cost of goods sold Accounts receivable balance, beginning of the year Accounts receivable balance, end of the year Net income 40% $ 380,000 $ 20,000 $ 30,000 $ 10,000 The average collection period is closest to (Round accounts receivable turnover to the nearest whole number) Multiple Choice 14.60 days 18.85 days 12.10 days 1210 days Step by Step Solution
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