The bear rug has sales of 811000 the cost of goods sold is, Ask an Expert

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The Bear Rug has sales of $811,000. The cost of goods sold is equal to 63 percent of sales. The beginning accounts receivable balance is $41,000 and the ending accounts receivable balance is $38,000. How long on average does it take the firm to collect its receivables?

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Accounting Basics, Accounting

Category:- Accounting Basics
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