Business, 19.03.2021 02:50 TheAndroid

The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions. The company has annual sales of $626,000. Cost of goods sold average 34 percent of sales and the profit margin is 4.7 percent. The average accounts receivable balance is $34,900. On average, how long does it take the company to collect payment for its services? Assume 365 days per year.

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