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    maandpa1227 Posts: 17, Reputation: 1
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    Aug 28, 2007, 04:39 PM
    Value of credit sales
    I tried to work this out.


    Fine Fashions has an average collection period of 40 days. The accounts receivable balance is $80,000. What is the value of its credit sales?



    Would I divide 40 / 80,000 = $2,000? To get the value.

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