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Find the corporation average collection period was closest

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Question 1: Granger Corporation had $204,000 in sales on account last year. The beginning accounts receivable balance was $19,000 and the ending accounts receivable balance was $26,000. The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

Option 1: 34.0 days

Option 2: 40.2 days

Option 3: 46.5 days

Option 4: 9.1 days

Reference no: EM132527421

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