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16.08.2020 21:36
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Oral roberts dental supplies has annual sales of $5,200,000. ninety percent are

Oral roberts dental supplies has annual sales of $5,200,000. ninety percent are on credit. the firm has $559,000 in accounts receivable. compute the value of the average collection period. (do not round intermediate calculations. use a 360-day year.)
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BeautyxQueen
BeautyxQueen
4,9(85 marks)

43 DAYS

Explanation:

Average collection period = Account Receivables/ Credit Sales X Numbers of Days in a year.

$559000/ ($5200000 X 90%) X 360

= 43 Days

ashiteru123
ashiteru123
4,7(89 marks)
C) EA = ฯ€ r2

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