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The following information is taken from the adjusted trial balance of the Studio Art Supply Company at the end of Year 1: Cash $ 50,000

The following information is taken from the adjusted trial balance of the Studio Art Supply Company at the end of Year 1: Cash $ 50,000 Accounts receivable 88,500 Allowance for doubtful accounts 10,000 Sales 435,000 Cost of goods sold 262,200 Operating expenses 116,000 Required: b. Compute the average number of days to collect accounts receivable

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