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Vaughn Manufacturing had a balance in the Accounts Receivable account of $774000 at the beginning of the year and a balance of $ 861000 at
Vaughn Manufacturing had a balance in the Accounts Receivable account of $774000 at the beginning of the year and a balance of $ 861000 at the end of the year. Net credit sales during the year amounted to $7205000. The average collection period of the accounts receivable in terms of days was 83.0 days. 41.5 days. 43.5 days. 31 days
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