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Business, 09.11.2019 01:31 amanda1717

At year-end, schultz has cash of $ 11 comma 600, current accounts receivable of $ 48 comma 900, merchandise inventory of $ 37 comma 900, and prepaid expenses totaling $ 5 comma 100. liabilities of $ 55 comma 900 must be paid next year. assume accounts receivable had a beginning balance of $ 67 comma 400 and net credit sales for the current year totaled $ 807 comma 800. how many days did it take schultz to collect its average level of receivables? (assume 365 days/year. round any interim calculations to two decimal places. round the number of days to the nearest whole number.) a. 49 b. 35 c. 29 d. 26

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At year-end, schultz has cash of $ 11 comma 600, current accounts receivable of $ 48 comma 900, merc...
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