Blaney clothing store had a balance in the accounts, Ask an Expert

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Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of $500,000 at the end of the year. Net credit sales during the year amounted to $3,000,000. The average collection period of the receivables in terms of days was?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91527291

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