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The Rye Corporation has provided the following information: Total sales were $1,255,000. Beginning net accounts receivable was $50,500. Ending net accounts receivable was $62,250. Sales
The Rye Corporation has provided the following information: Total sales were $1,255,000. Beginning net accounts receivable was $50,500. Ending net accounts receivable was $62,250. Sales returns and allowances totaled $111,000. What was Ryes average collection period?
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