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Beauty Aids has an average collection period of 8.4 days and annual credit sales of $937,800. What is the average investment in accounts receivable as

Beauty Aids has an average collection period of 8.4 days and annual credit sales of $937,800. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year.

A)$18,850

B)$20,375

C)$22,506

D)$18,906

E)$21,582

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