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Question 65

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Use the following information to answer questions
Joliet's 2009 and 2010 financial statements included the following data:
Use the following information to answer questions  Joliet's 2009 and 2010 financial statements included the following data:     Assume a 360-day year for all calculations. -What is average age of Joliet's accounts receivable for 2010? A)  25.7 days B)  27.1 days C)  32.7 days D)  34.3 days E)  40.9 days
Assume a 360-day year for all calculations.
-What is average age of Joliet's accounts receivable for 2010?


A) 25.7 days
B) 27.1 days
C) 32.7 days
D) 34.3 days
E) 40.9 days

Correct Answer:

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