A firm has sales of $2.6 million, and 25 percent of the sales are for...
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Accounting
A firm has sales of $2.6 million, and 25 percent of the sales are for cash. The year-end accounts receivable balance is $195,000. What is the average collection period? (Use 365 days in a year. Do not round intermediate calculation. Round the final answer to the 1 decimal place.) Average collection period days
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