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2 pts Reid Industries has annual sales of $3,400,000. The average collection period is 43 days. What is the average investment in accounts receivable as

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2 pts Reid Industries has annual sales of $3,400,000. The average collection period is 43 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year. (Enter the answer in dollars. Do not round intermediate calculations. Round the final answer to nearest whole dollar amount. Omit $ sign in your response.)

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