What is the accounts receivable period

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Problem: An analyst has obtained the following information about ABC, Inc.

Sales: $61,638

COGS = $11,604

Accounts Receivables = $33,157

Accounts Payable = $17,837

Inventory = $27,429

Assume 365 days.

What is the Accounts Receivable Period (AR Period)? That is, what is the Average Collection Period (ACP)?

Reference no: EM132459983

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