The financial statements of the larson company report

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12. The financial statements of the Larson Company report net sales of $1,000,000 and accounts receivable of $80,000 and $60,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
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  • Spring '10
  • lOWE-aRDOIN
  • Accounting, Generally Accepted Accounting Principles, Doubtful Accounts

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