Susie's Sweets Candy Shop had a balance in the Accounts Receivable account of $780,000 at the beginning of the year and a balance of $820,000 at the end of the year.Net credit sales during the year amounted to $5,840,000.The average collection period of the receivables in terms of days was
A) 30 days.
B) 365 days.
C) 100 days.
D) 50 days.
Correct Answer:
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