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A firm takes 2 0 days to collect credit sales on average. The average accounts receivable for the firm is currently $ 3 , 0

A firm takes 20 days to collect credit sales on average. The average accounts receivable for the firm is currently $3,000,000. If the gross profit margin for the firm is 40%, what is the gross profit for the firm?
Question 4 options:
$21,900,000
$26,500,000
$30,400,000
$28,750,000
$32,500,000

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