The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms...
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Accounting
The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions. The company has annual sales of $628,400. Cost of goods sold average 42 percent of sales and the profit margin is 5.5 percent. The average accounts receivable balance is $35,700. On average, how long does it take the company to collect payment for its services? Assume 365 days per year.
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