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How many days did it take snow to collect its receviables

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Question: At? year-end, Snow has cash of $12,000?, current accounts receivable of $60,000?, merchandise inventory of $37,200?, and prepaid expenses totaling $4,400. Liabilities of $24,000 must be paid next year. Assume accounts receivable had a beginning balance of $20,000 and net credit sales for the current year totaled $2,400,000. How many days did it take Snow to collect its average level of? receivables?

Reference no: EM132722852

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