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ETEC Assessment Practice Test & Exam Prep | Saudi Arabia

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A trading firm in Jeddah has annual credit sales of SAR 3,600,000 and cost of goods sold of SAR 2,400,000. Average accounts receivable is SAR 450,000 and average inventory is SAR 400,000. Assuming a 360-day year, what is the Days Sales Outstanding (DSO) / Average Collection Period?
Correct Answer:
45 days

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