Asset Management Ratios Corn Products, Corporation ended the year $2018$ with an average collection period of $49$ days. The firm's credit sales for $2018$ were $$9\mathrm{.}9$ million. What is the

approximate year$-$end $2018$ balance in accounts receivable for Corn Products? $($Consider $365$ days a year.$)$

Multiple Choice

$$4\mathrm{.}9495$ million

$$1\mathrm{.}329$ million

$$0\mathrm{.}202$ million

$$485\mathrm{.}1$ million