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Black Guard Security has annual sales of $363,000 and a collection period of 20.29 days. What is the company's average balance in accounts receivable? Assume
Black Guard Security has annual sales of $363,000 and a collection period of 20.29 days. What is the company's average balance in accounts receivable? Assume 365 days per year.
$20,851.45
$17,890.59
$20,178.82
$19,034.70
$17,379.43
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