What is the average collection period
Solve the below problem:
Q: Average collection period A firm has sales of $1.2 million, and 10 percent of the sales are for cash. The year-end accounts receivable balance is $180,000. What is the average collection period? (Use a 360-day year.)
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Average collection period A firm has sales of $1.2 million, and 10 percent of the sales are for cash. The year-end accounts receivable balance is $180,000.
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