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Valdez Company Reported Sales of $342,000; Beginning Net Accounts Receivable

Question 51

Multiple Choice

Valdez Company reported sales of $342,000; beginning net Accounts Receivable of $89,000 and ending net Accounts Receivable of $111,000. Valdez Company's receivable collection period (rounded to the nearest day) is:


A) 107.
B) 213.
C) 118.
D) 274.

Correct Answer:

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