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ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable
ABC Co. has an average collection period of 90 days. Total credit sales for the year were $6,000,000. What is the balance in accounts receivable at year-end?
| $150,000 |
| $2,250,000 |
| $1,500,000 |
| $40,000 |
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The Investment Writing Handbook
Authors: Assaf Kedem
1st Edition
1119356725, 978-1119356721
