Marie's Clothing Store had an accounts receivable balance of $430,000 at the beginning of the...
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Accounting
Marie's Clothing Store had an accounts receivable balance of $430,000 at the beginning of the year and a year-end balance of $550,000. Net credit sales for the year totaled $3,600,000. The average collection period of the receivables was: (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) OA. 56 days OB. 6 days. O C. 50 days D. 44 days
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