Question: Question: Using the following data, calculate Pace Companys average collection period. Round answer to 1 decimal point. Average Collection Period Using the following data, calculate

Question: Using the following data, calculate Pace Companys average collection period. Round answer to 1 decimal point.

Question: Using the following data, calculate Pace Companys average collection period. Round

Average Collection Period Using the following data, calculate Pace Company's average collection period. Accounts receivable balance, December 31 $60,000 Inventory balance, December 31 45,000 Sales revenue 650,000 Cost of goods sold 350,000 Accounts receivable balance, January 1 52,000 Round your answer to one decimal place. Average collection period days

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