The financial statements of the Splish Brothers Inc. report net sales of $300000 and accounts...
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Accounting
The financial statements of the Splish Brothers Inc. report net sales of $300000 and accounts receivable of $56400 and $18000 at the beginning of the year and the end of the year, respectively. What is the average collection period for accounts receivable in days? (Use 365 days for calculation.)
55.4
35.1
85.8
45.3
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