Average collection period

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Reference no: EM13811350

A firm collects 70 percent of its credit sales in 30 days, 20 percent in 60 days, and 10 percent in 90 days. The average collection period is ________.

A. 33 days

B. 42 days

C. 47 days

D. 56 days

Reference no: EM13811350

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