The financial statements of Danielle Manufacturing Company report net sales of $750,000 and accounts receivable of $60,000 and $90,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days?
A. 73B. 29.2C. 43.8D. 36.5
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The financial statements of Danielle Manufacturing Company report net sales of $750,000 and accounts...
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