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The net sales of a company were $2,140,000 and its cost of goods sold was $650,000 this year. The company had an average inventory of
The net sales of a company were $2,140,000 and its cost of goods sold was $650,000 this year. The company had an average inventory of $175,000 and an average accounts receivable of $432,000. what is the average collection period?
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