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Calculate the Average Collection Period for Dotte Inc

Question 97

Multiple Choice

Calculate the average collection period for Dotte Inc.if its accounts receivables were $500 and $600 at the end of each of the last two years, and its revenue over the last year was $3,000.


A) 69 days
B) 68 days
C) 67 days
D) 66 days

Correct Answer:

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