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Compute the average number of collection days

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A firm has $375,000 in credit sales and $135,000 in accounts receivable. Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)

Using the abswer to the prvious question, how does the numbers relate to the terms of 2/10 net/30?

Reference no: EM132707306

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