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The following information is available for Edmiston Company. Beginning accounts receivable $70,000 Ending accounts receivable 110,000 Net sales 990,000 Compute the average collection period (days

The following information is available for Edmiston Company.

Beginning accounts receivable

$70,000

Ending accounts receivable

110,000

Net sales

990,000

Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month.(Roundaverage collection periodto 1 decimal place)

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