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In the table below the information for four companies is provided.
Company Accounts Receivable turnover Average collection period
Kingbird 14.65 25.20
Lewis 13.95 27.50
Danforth 11.10 32.85
Whispering Winds 13.95 25.00
Industry Average 13.35 27.20
Problem 1: If Whispering Winds's net credit sales are $767250, what are its average net accounts receivable?
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