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Tower, Inc. had net sales of $4,725,000 during 2019. On January 1, 2019, Towers accounts...

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Accounting

Tower, Inc. had net sales of $4,725,000 during 2019. On January 1, 2019, Towers accounts receivable were $960,000. On December 31, 2019, Towers accounts receivable were $1,200,000. What was Towers average collection period for 2019?

Select one:

A. 96.2 days

B. 13.8 days

C. 83.4 days

D. 43.3 days

Answer & Explanation Solved by verified expert
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