Frostbite16361 Frostbite16361

14-01-2024
Business

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The financial statements of Glazer Manufacturing report net sales of $400,000 and accounts receivable of $20,000 and $30,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?

a. 22.8
b. 18.2
c. 25.6
d. 30.4

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