Asset Management Ratios Corn Products, Corp. ended the year $2018$ with an average collection period of $37$ days. The firm's credit sales for $2018$ were $$10\mathrm{.}2$ million. What is the approximate year$-$end $2018$ balance in accounts eceivable for Corn Products? $($Consider $365$ days a year.$)$

Multiple Choice

$$1\mathrm{.}034$ million

$$3\mathrm{.}6275$ million

$$377\mathrm{.}4$ million

$$0\mathrm{.}2757$ million