Question: Based on the following data for the current year, determine the number of days' sales in accounts receivable? Net sales on account during the year

Based on the following data for the current year, determine the number of days' sales in accounts receivable? Net sales on account during the year $1,095,000 Cost of merchandise sold during the year 700,000 Accounts receivable, beginning of year 47,500 Accounts receivable, end of year 37,500 Inventory, beginning of year 190,000 Inventory, end of year 220,000

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