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Black Guard Security has annual sales of $381,000 and a collection period of 21.10 days. What is the company's average balance in accounts receivable? Assume
Black Guard Security has annual sales of $381,000 and a collection period of 21.10 days. What is the company's average balance in accounts receivable? Assume 365 days per year.
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A) $17,540.96
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B) $20,040.90
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C) $22,024.93
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D) $22,759.10
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