Abc company has annual sales of 461258 and cost of goods, Finance Basics

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Abc company has annual sales of 461258 and cost of goods

Question: ABC Company has annual sales of $461,258 and cost of goods sold of $198,600. The average accounts receivable balance is $76,385. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days. Enter your answer rounded off to two decimal points.

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Finance Basics: Abc company has annual sales of 461258 and cost of goods

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