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SwenCorp Had Sales of $154 Million This Year and an Average

Question 100

Multiple Choice

SwenCorp had sales of $154 million this year and an average accounts receivable of $18 million per day. Its credit terms specify "2/14 net 40." On average, how long does it take to collect on its sales?


A) 8.5 days
B) 13 days
C) 28 days
D) 43 days

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