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A Company Has Net Sales on Account of $1,200,000

Question 71

Multiple Choice

A company has net sales on account of $1,200,000. Net accounts receivable at the beginning of the year are $500,000 and net accounts receivable at the end of the year are $700,000. The average number of days that the accounts receivables were on the books was


A) 8.7 days.
B) 182.5 days.
C) 304.0 days.
D) 439.8 days.

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