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The financial statements of the Splish Brothers Inc. reports net sales of $492000 and accounts receivable of $62400 and $25200 at the beginning of the
The financial statements of the Splish Brothers Inc. reports net sales of $492000 and accounts receivable of $62400 and $25200 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.) 65.0 days 32.5 days 20.3 days 44.7 days
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