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Vaughn Manufacturing had a balance in the Accounts Receivable account of $815000 at the beginning of the year and a balance of $925000 at the end of...
Vaughn Manufacturing had a balance in the Accounts Receivable account of $815000 at the beginning of the year and a balance of $925000 at the end of the year. Net credit sales during the year amounted to $8062000. The average collection period of the receivables in terms of days was