Question
A company has annual credit sales of ₹36 crore. Its trade receivables as on 31st March 2025 are ₹3.6 crore, of which ₹0.6 crore are more than 6 months old and considered doubtful. The company allows a credit period of 30 days to its customers. Based on this information, what is the Average Collection Period for good receivables only? Consider 360 days in a year.
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