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8 Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable

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8 Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year 345 $524,000 C. $408,888 D, $472,767 E. $393, 134

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