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The financial statements of the Carla Vista Manufacturing Supply Company report net credit sales of $372,000 and net accounts receivable of $50,400 and $18,000 at the beginning of the year and end of the year, respectively. What is the average collection period for accounts receivable in days? a. 43.7, b. 23.4, c. 74.1, d. 33.6.
Sagot :
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