What is reds average collection period red company has the
Red Company has the following information:
Net credit sales = $400,000
Net income = $100,000
Average total assets = $80,000
Average accounts receivable = $20,000
What is Red's average collection period (rounded to the nearest whole day)?
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red company has the following informationnet credit sales 400000net income 100000average total assets 80000average
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