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Calculate the company average collection period

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Question - Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company's average collection period (age of receivables) was closest to:

20.28 days.

28.39 days.

36.50 days.

56.78 days.

Reference no: EM131803290

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