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Suppose Lacey Corporation has total credit sales of $762,000. If the balance sheet reports accounts receivable of $49,879, what is Lacey's average collection period (assume
Suppose Lacey Corporation has total credit sales of $762,000. If the balance sheet reports accounts receivable of $49,879, what is Lacey's average collection period (assume a 365-day year.)? The average collection period is: (Select the best choice below.) O A. 27 days OB. 28 days O C. 22 days OD. 24 days E. 21 days
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