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Sheffield Corp. had a balance in the Accounts Receivable account of $776000 at the beginning of the year and a balance of $848000 at the

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Sheffield Corp. had a balance in the Accounts Receivable account of $776000 at the beginning of the year and a balance of $848000 at the end of the year. Net credit sales during the year amounted to $7201000. The average collection period of the accounts receivable in terms of days was 30 days. 41.0 days 83.0 days. 42.9 days

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