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Skysong, Inc. had net accounts receivable of $150,000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales
Skysong, Inc. had net accounts receivable of $150,000 on January 1, 2022. The only transactions that affected accounts receivable during 2022 were net credit sales of $3,850,000. At December 31, 2022, the company had net receivables of $200,000.
Please compute the
Average collection period?
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