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A company has a gross profit ratio of 40%. The trade receivables collection period for the company has been calculated at 53 days. If the

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A company has a gross profit ratio of 40%. The trade receivables collection period for the company has been calculated at 53 days. If the actual gross profit earned was 480,000, what were the trade receivables? Select one: a. 174,247 b. 69,968 c. 104,548 d. 116,164

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