Asset Management Ratios Corn Products, Corp. ended the year $2018$ with an average collection period of $34$ days. The firm's credit sales for $2018$ were $$10\mathrm{.}5$ million. What is the approximate year$-$end $2018$ balance in accounts receivable for Corn Products? $($Consider $365$ days a year.$)$

Multiple Choice

$$0\mathrm{.}9781$ million

$$357$ million

$$0\mathrm{.}3088$ million

$$3\mathrm{.}2381$ million