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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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