Bria Clothing Store had a balance in the Accounts Receivable account of $810,000 at the beginning of the year and a balance of $850,000 at the end of the year.Net credit sales during the year amounted to $6,640,000.The average collection period of the receivables in terms of days was
A) 91.3 days.
B) 45.6 days.
C) 30 days.
D) 46.7 days.
Correct Answer:
Verified
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