INTERMEDIATE ACCOUNTING
INTERMEDIATE ACCOUNTING
10th Edition
ISBN: 9781265246853
Author: SPICELAND
Publisher: PEARSON
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The financial statements of SolarTech Industries report net sales of $1,350,000 and accounts receivable of $75,000 and $85,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
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