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ABC Co has an average collection period of 80 days for its accounts receivable. If total credit sales for the year were 55,100,000, what is

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ABC Co has an average collection period of 80 days for its accounts receivable. If total credit sales for the year were 55,100,000, what is the balance in accounts receivable at year-end? Assume a 360 day calendar year. (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $5,100,000 $4,080,000 O $133.333 $143.333

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