At the end of the 1st Quarter, Acme Medical Center had $80 million in accounts...
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Accounting
At the end of the 1st Quarter, Acme Medical Center had $80 million in accounts receivable on the balance sheet. During the 1st Quarter, Acme generated $112.5 million in sales revenue. Given there are 90 days in the 1st Quarter, what was the average collection period (ACP)? - O 45.0 days O 72.1 days O 126.6 days 64.0 days
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