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The Priceville Bull Dogs offers credit terms of 2/15, net 40 to all of its customers. Historically, 80 percent of its customers take advantage of

The Priceville Bull Dogs offers credit terms of 2/15, net 40 to all of its customers. Historically, 80 percent of its customers take advantage of the discount. What is the firm's average collection period?

17.60 days

17.87 days

18.20 days

20.33 days

21.08 days

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