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If Crossroads International Has $3,000,000 in Total Sales (75% on Credit)

Question 86

Multiple Choice

If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is their average collection period?

A) 80 days
B) 60 days
C) 61 days
D) 81 days

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