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The financial statements of Sheridan Manufacturing Company report net sales of $574875 and accounts receivable of $87000 and $39000 at the beginning and end of
The financial statements of Sheridan Manufacturing Company report net sales of $574875 and accounts receivable of $87000 and $39000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? 55.2 days 80.0 days 24.8 days 40.0 days
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