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Asset Management Ratios Corn Products, Corp. ended the year 2018 with an average collection period of 43 days. The firm's credit sales for 2018 were

Asset Management Ratios Corn Products, Corp. ended the year 2018 with an average collection period of 43 days. The firm's credit sales for 2018 were $9.3 million. What is the approximate year-end 2018 balance in accounts receivable for Corn Products? (Consider 365 days a year.)

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