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Average collection period in days

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1. In 2010, Drew Gooden Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $101,000 and an ending accounts receivable (net) balance of $107,000. Compute Drew Gooden Company's 

(a) Accounts receivable turnover and 

(b) Average collection period in days. 

Reference no: EM131144288

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