The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively.What is the average collection period for accounts receivable in days?

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The Answer of The financial statements of Gervais Manufacturing Company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively.What is the average collection period for accounts receivable in days?

The Financial Statements of Gervais Manufacturing Company Report Net Sales