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Compute the average collection period

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Reference no: EM132481693

Question - The following information is available for Edmiston Company.

Beginning accounts receivable $70,000

Ending accounts receivable 110,000

Net sales 990,000

Required - Compute the average collection period (days sales in A/R). Use a 360 day year or 30 day month.

Reference no: EM132481693

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