The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $2,300
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Question:
The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $2,300 $1,800 Accounts receivable $16,500 $14,500 Inventory $27,000 $33,000 Assuming Year 2 net credit sales totaled $123,000, what was the company's average days to collect receivables? (Use 365 days in a year. Do not round your intermediate calculations.)
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