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Question: At? year-end, Simpson has cash of $15,000 ?, current accounts receivable of $30,000?, merchandise inventory of $40,200?, and prepaid expenses totaling $5,900. Liabilities of $60,000 must be paid next year. Assume accounts receivable had a beginning balance of $60,000 and net credit sales for the current year totaled $900,000. How many days did it take Simpson to collect its average level of? receivables? ?(Assume 365? days/year. Round any interim calculations to two decimal places. Round the number of days to the nearest whole? number.)
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