Question: Please provide the correct answer to this general accounting problem using accurate calculations. Grasse Company had $160,000 in sales on account last year. The beginnings

Please provide the correct answer to this general accounting problem using accurate calculations.

Grasse Company had $160,000 in sales on account last year. The beginnings accounts receivable balance was $10,000 and the ending accounts receivable balance was $12,000. What is the company's average collection period? a. 25.09 days b. 22.81 days c. 50.19 days d. 27.38 days

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