Business, 07.04.2020 23:32 natasniebow

Lou's Clothing Store had a balance in the Accounts Receivable account of $700,000 at the beginning of the year and a balance of $1,000,000 at the end of the year. Net credit sales during the year were $6,650,000. The average collection period of the receivables was nearest Select one: a. 15 days. b. 8 days. c. 55 days. d. 47 days. e. 7 days.

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