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Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $372,000. Compute the value of the average collection period. (Use a 360-day year.)
Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $372,000. Compute the value of the average collection period. (Use a 360-day year.)
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
