Accounts receivable, in last years balance sheet, was $342,000, as opposed to $413,000 in the...
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Accounting
Accounts receivable, in last years balance sheet, was $342,000, as opposed to $413,000 in the current years financial statements. The net sales for the current year was $1,145,000. Calculate the account receivables average collection period for the current year.
Select one:
a.
122 days
b.
124 days
c.
123 days
d.
121 days
e.
120 days
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