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The financial statements of Sunland Manufacturing Company report net sales of $985500 and accounts receivable of $90000 and $18000 at the beginning and end of
The financial statements of Sunland Manufacturing Company report net sales of $985500 and accounts receivable of $90000 and $18000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days? 20.0 days 13.3 days 33.3 days 6.7 days
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