ABC's financial records show the following: Date Accounts Balance 1/1/2020 Accounts Receivable $50,000 12/31/2020 Accounts Receivable...

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ABC's financial records show the following: Date Accounts Balance 1/1/2020 Accounts Receivable $50,000 12/31/2020 Accounts Receivable $30,000 For the year ended 2020 Net Sales $360,000 What is the average collection period for Accounts Receivable in days? ABC's financial records show the following: Date Accounts Balance 1/1/2020 Accounts Receivable $50,000 12/31/2020 Accounts Receivable $30,000 For the year ended 2020 Net Sales $360,000 What is the average collection period for Accounts Receivable in days?

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