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Find the average collection period of the receivables

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Question - Ayayai Corp. had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a balance of $904000 at the end of the year. Net credit sales during the year amounted to $8041000. The average collection period of the receivables in terms of days was

4 days.

36.5 days.

38.8 days.

38 days.

Reference no: EM132428791

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