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Based on the following information, calculate the annual credit sales for Cavu Air, Inc. Hint: You will have to calculate Receivables turnover in order to

Based on the following information, calculate the annual credit sales for Cavu Air, Inc.

Hint: You will have to calculate Receivables turnover in order to determine Annual Credit Sales.

Collection Period	28
Daily investment in receivables	$49,250
# days per year	365

A	642,008.93

22,928.89

3,778.08

D	133,225.00

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