2. 2. Size of accounts receivable [LO 20.1] The Red Zeppelin Company has annual sales of $34...
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2. 2.
Size of accounts receivable [LO 20.1] The Red Zeppelin Company has annual sales of $34 million. The average collection period is 28 days. What is the average investment in accounts receivable as shown on the statement of financial position? Assume 365 days per year.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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