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Average collection period

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17. Weson, Inc. has sales of $462,000, costs of goods sold of $308,000 and average accounts receivable of $48,900. How long does it take its credit customers to pay for their purchases?

A. 36.09 days
B. 38.63 days
C. 41.23 days
D. 44.20 days
E. 57.95 days

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The solution explains how to determine the average collection period

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