Question: Return to the data in the preceding question. A year ago receivables stood at ($ 70,000), and sales for the current year total ($ 730,000).
Return to the data in the preceding question. A year ago receivables stood at \(\$ 70,000\), and sales for the current year total \(\$ 730,000\). How many days did it take you to collect your average level of receivables?
a. 45
b. 35
c. 30
d. 20
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