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Ratios: Average Collection Period (Days Sales Outstanding)
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Ratios: Average Collection Period (Days Sales Outstanding)
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14. Financial Statement Analysis / Ratios: Average Collection Period (Days Sales Outstanding) / Problem 2
Problem 2
If the beginning accounts receivable balance is \$80,000 and the ending balance is \$120,000, what is the average accounts receivable balance?
A
\$100,000
B
\$60,000
C
\$40,000
D
\$200,000
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