QUESTION 14 3.57142 points Save Answer 20x7 Sales (all credit sales).......... ..$7,000,000 January 1, 20X7 Accounts receivable. $1,000,000 December 31, 20X7 Accounts receivable... ..$1,100,000 20X7 Cost of goods sold.... $4,200,000 January 1, 20x7 Inventory........ ..$320,000 December 31, 20X7 Inventory... .$300,000 January 1, 20X7 Accounts payable... ..$600,000 December 31, 20X7 Accounts payable... ..$640,000 What was the average collection for the accounts receivable period for 20X7