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Gold Clothing Store had a balance in the Accounts Receivable account of $810,000 at the beginning of the year and a balance of $850,000 at the end of the year. Net credit sales during the year amounted to $6,640,000. The average collection period of the receivables in terms of days was ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968064

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