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Speedy Corporation has an average collection period of 15 days and credit sales amounting to $1,825,000. The average accounts receivable balance is 1. $75,000. 2.$456.250.

Speedy Corporation has an average collection period of 15 days and credit sales amounting to $1,825,000. The average accounts receivable balance is 1. $75,000. 2.$456.250. 3.$912,500. 4. $150,000.

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