During the prior year. Hexagon Company had an average accounts receivable balance of $25.000 average...
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Accounting
During the prior year. Hexagon Company had an average accounts receivable balance of $25.000 average inventory balance of $96,000, cost of goods sold of 5345.000, and net income of $157000 I Hexagon's gross margin percentage was 40%. what was its average collection period? Round te one decimal point 18. 4 days 20.1 days 13.4 days O 15.9 days None of the above
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