Super Mart has sales of $626,000.The cost of goods sold is equal to 68 percent of sales.The beginning accounts receivable balance is $75,534 and the ending accounts receivable balance is $76,209.How long on average does it take the firm to collect its receivables?
A) 44.24 days
B) 36.18 days
C) 30.08 days
D) 65.06 days
E) 66.52 days
Correct Answer:
Verified
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