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A company has a gross profit ratio of 4 0 % . The trade receivables collection period for the company has been calculated at 7

A company has a gross profit ratio of

40 % .

The trade receivables collection period for the company has been calculated at

75

days. If the actual gross profit earned was

450, 000,

what were the trade receivables?

39, 450

92, 465

5, 475, 000

231, 164

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