Question: The following table sets out the aging schedule for a firm's accounts receivables. What is the average collection period? Age of Account Cash Sales

The following table sets out the aging schedule for a firm's accounts receivables. What is the average

The following table sets out the aging schedule for a firm's accounts receivables. What is the average collection period? Age of Account Cash Sales 20 days 60 days Aging Schedule % of Total Value of Sales 20% 40% 40%

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