The Rye Corporation has provided the following information: • Total sales were $1,200,000.
• Beginning net accounts receivable was $45,000.
• Ending net accounts receivable was $65,000.
• Sales returns and allowances totaled $100,000.
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What was Rye's average collection period? (Use 365 days a year)

Question

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The Answer of The Rye Corporation has provided the following information: • Total sales were $1,200,000.
• Beginning net accounts receivable was $45,000.
• Ending net accounts receivable was $65,000.
• Sales returns and allowances totaled $100,000.
-
What was Rye's average collection period? (Use 365 days a year)

The Rye Corporation Has Provided the Following Information: • Total