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The financial statements of the Melton Manufacturing Company reports net sales of 300,000 and accounts receivable of 50,000 and30,000 at the beginning of the year
The financial statements of the Melton Manufacturing Company reports net sales of 300,000 and accounts receivable of 50,000 and30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
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Managerial Accounting
Authors: Wendy M. Tietz, Louis Beaubien, Karen W. Braun
3rd Canadian edition
