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ABC Co. has an average collection period of 90 days for its accounts receivable. If total credit sales for the year were $3,700,000, what is

ABC Co. has an average collection period of 90 days for its accounts receivable. If total credit sales for the year were $3,700,000, 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 $3,700,000 $3,330,000 $925,000 $935,000

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