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A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000. 1. What is the average number of days accounts

A company has sales of $3,680,000 per year. Its average net accounts receivable balance is $920,000. 1. What is the average number of days accounts receivable are outstanding? 2. By how much would the capital invested in accounts receivable be reduced if the turnover could be increased to 6 without a loss of sales?

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