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Business, 09.07.2020 02:01 barloase5747

Sunland Company had a balance in the Accounts Receivable account of $801000 at the beginning of the year and a balance of $901000 at the end of the year. Net credit sales during the year amounted to $8049000. The average collection period of the receivables in terms of days was: a) 4 days.
b) 36.5 days.
c) 37 days.
d) 38.4 days.

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