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Click here to read the eBook: Asset Management Ratios DAYS SAIES OUTSTANDING Baxley Brothers has a DSO of 3 4 days, and its annual sales

Click here to read the eBook: Asset Management Ratios

DAYS SAIES OUTSTANDING

Baxley Brothers has a DSO of

34

days, and its annual sales are $

6, 205, 000 .

What is its accounts receivable balance? Assume that it uses a

365 -

day year. Round your answer to the nearest cent.

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