Question: Use the following partial financial statement information to answer this question: Partial Income Statement Cash Sales 5 0 0 , 0 0 0 Credit Sales
Use the following partial financial statement information to answer this question:
Partial Income Statement
Cash Sales
Credit Sales
Cost of goods sold $
General & Admin Exp $
Partial Balance Sheet
Accounts receivable $
Inventory $
Accounts payable $
On average, how long did it take the company to collect credit sales from its customers assume a day year
days
days
days
days
days
days
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