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During the Year, Brown Corporation's Average Accounts Receivable Were $316,000

Question 89

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During the year, Brown Corporation's average accounts receivable were $316,000. The current-year income statement reported net sales of $2,010,000, uncollectible accounts expense of $118,000, and net income of $982,000. Using 365 days to a year, compute the average number of days Brown waits to collect its accounts receivable. (Round answer to the nearest day, if necessary.)

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Accounts receivable turnover: ...

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