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A company has a current ratio of 1.8, a net income of $160,000, a profit margin of 10%, and an accounts receivable balance of $150,000.

A company has a current ratio of 1.8, a net income of $160,000, a profit margin of 10%, and an accounts receivable balance of $150,000. (using a 360-day year)

What is the firm’s average collection period?

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A company has a current ratio of 1.8, a net income of $160,000, a profit margin of 10%, and
an accounts receivable balance of $150,000. (using a 360-day year) What is the firm’s average...

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