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Estimate the accounts receivable period

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Reference no: EM132465386

An analyst has obtained the following information about ABC, Inc.

Sales: $54,600

COGS = $19,303

Accounts Receivables = $29,458

Accounts Payable = $15,153

Inventory = $49,204

Assume 365 days.

What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?

Enter the answer rounded off to two decimal points.

Reference no: EM132465386

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