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E: 4 Darla's Cosmetics has annual credit sales of $1,512,000 and an average collection period of 30 days in 2008. What is the company's average

E: 4

Darla's Cosmetics has annual credit sales of $1,512,000 and an average collection period of 30 days in 2008.

What is the company's average accounts receivable balance?(Use a 360-day year.)

Average accounts receivable balance $

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