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A wholesale fabric company estimates its average account

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?

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Finance Basics: A wholesale fabric company estimates its average account

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Finance Basics: A wholesale fabric company estimates its average account

Reference No:- TGS02718899

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