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The Average Collection Period measures the average number of days it takes for the company to collect revenue from its credit sales.The Average Daily Sales is the Net Sales divided by 365 days in the year.he Average Collection Period measures the average number of days it takes for the company to collect revenue from its credit sales.
A collection is a collection of items. For example a list is a collection. A collection implements the ICollection interface, which pretty much means that you can iterate through the items in it. Generic means that it can be of any type. For example List<T> is a generic collection and you can implement it like this.