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Business, 02.03.2020 23:52 deandrebryant89

Rawe Corporation’s accounts receivable at the end of Year 2 was $356,000 and its accounts receivable at the end of Year 1 was $309,000. Sales, all on account, amounted to $1,440,000 in Year 2. The company’s average collection period for Year 2 is closest to:(Assume 365 days a year. Round intermediate calculations to 2 decimal places.)
a. 78.3 days
b. 84.3 days
c. 4.3 days
d. 90.2 days

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Rawe Corporation’s accounts receivable at the end of Year 2 was $356,000 and its accounts receivable...
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