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Business, 22.11.2019 03:31 lakisa138

At year-end, spring has cash of $ 11,000, current accounts receivable of $ 20,000, merchandise inventory of $ 35,200, and prepaid expenses totaling $ 4,200. liabilities of $ 40,000 must be paid next year. assume accounts receivable had a beginning balance of $ 80,000 and net credit sales for the current year totaled $ 800,000. how many days did it take spring to collect its average level of receivables?

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At year-end, spring has cash of $ 11,000, current accounts receivable of $ 20,000, merchandise inven...
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