Compute the value for the average collection, Financial Management

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Compute the value for the average collection

Sanders’ Prime Time Lighting Co. has credit sales of $2,340,000 and accounts receivable of $468,000. Compute the value for the average collection period. (Use 365 days in a year. Do not round intermediate calculations. Round the final answer to the nearest whole number.)

Average collection period= _______ days

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Financial Management: Compute the value for the average collection

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