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A firm has the following account balances; Cash $3,600,000, Inventory $4,200,000, Property, Plant and Equipment $32,000,000, Accounts Payable $11,000,000 and Long Term Bonds $30,000,000. The
A firm has the following account balances; Cash $3,600,000, Inventory $4,200,000, Property, Plant and Equipment $32,000,000, Accounts Payable $11,000,000 and Long Term Bonds $30,000,000. The firm has a quick ratio of .83. What is the firm's Accounts Receivable balance? (Round to the nearest whole dollar)
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