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Sagot :
Answer:
b. the average number of days to collect receivables is 64.
Explanation:
Average number of days to collect receivables = Accounts Receivable ÷ ( Sales / 365)
= $46,000 ÷ ($266,000 / 365)
= 63.10 or 64
Conclusion
The average number of days to collect receivables is 64
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