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How many days would it take for the company to collect

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Reference no: EM131923422

A wholesale Fabric Company estimates its average account receivable at $63,000 while its book shows $472,500 in credit sales.

a. How many days would it take for the company to collect its credit?

b. What would these collection days mean if the company has a 60-days credit policy?

Reference no: EM131923422

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