Question: Multiple Choice Question 134 During the year Sheridan reported net sales of $957000. The company had accounts receivable of $73000 at the beginning of the

Multiple Choice Question 134

During the year Sheridan reported net sales of $957000. The company had accounts receivable of $73000 at the beginning of the year and $130000 at the end of the year. Compute Sheridan's average collection period (assume 365 days a year.)

78 days.

38.8 days.

49.7 days.

27.8 days

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