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By how much would its accounts receivable investment be reduced if it collected its invoices in 40 days? Note: A/R Investment = Average Daily Sales

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By how much would its accounts receivable investment be reduced if it collected its invoices in 40 days? Note: A/R Investment = Average Daily Sales x Collection Period Show your calculation. Round your final answer to the nearest dollar. A By how much would its accounts receivable investment be reduced if it collected its invoices in 40 days? Note: A/R Investment = Average Daily Sales x Collection Period Show your calculation. Round your final answer to the nearest dollar. A

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