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A business has daily credit sales of $50,000 and its average collection period is 50 days. What is the average accounts receivable balance of the

A business has daily credit sales of $50,000 and its average collection period is 50 days. What is the average accounts receivable balance of the firm?

a. $250,000

b. $2,500,000

c. $50,000

d. $5,000,000

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