ABC company reported average receivables of $550,000 in 2021. If total sales were $3,500,000 and 50% of

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ABC company reported average receivables of $550,000 in 2021. If total sales were $3,500,000 and 50% of these sales were on credit, what was company's average collection period?

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Posted Date: May 24, 2023 08:33 AM

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ABC company reported average receivables of $550,000 in 2021. If total sales were $3,500,000 and 50% of

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Principles Of Managerial Finance

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