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The financial statements of the Nash's Trading Post, LLC reports net sales of $300000 and accounts receivable of $48000 and $18000 at the beginning of
The financial statements of the Nash's Trading Post, LLC reports net sales of $300000 and accounts receivable of $48000 and $18000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
| 50.3 |
| 40.2 |
| 30.0 |
| 80.7 |
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