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Compute average collection period

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Reference no: EM131773210

In 2013, Kelly Inc. had sales of $400,000, with $250,000 paid in cash. Their balance of A/R was $300,000 at the beginning of 2013, and collection on A/R totaled $175,000. Calculate Kelly Inc.'s

a) Average Collection Period

b) A/R Turnover

Reference no: EM131773210

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