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The financial statements of Gervais Manufacturing Company report net sales of $400,000 and accounts receivable of $60,000 and $40,000 at the beginning and end of
The financial statements of Gervais Manufacturing Company report net sales of $400,000 and accounts receivable of $60,000 and $40,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? O A. 54.7 times O B. 45 times O C. 40 times O D.50 times
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