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Compute the average number of collection days

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Reference no: EM132492456

Question 1: A firm has $380,000 in credit sales and $110,000 in accounts receivable. Compute the average number of collection days. (Do not round intermediate calculations, round your answer to two decimal places, i.e. 12.34)

  • Using the abswer to the prvious question, how does the numbers relate to the terms of 2/10 net/30?

Reference no: EM132492456

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