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Explain the importance of Accounts Receivable in a company's balance sheet and cash flow management. Determine the value of Accounts Receivable if Total Current Assets
Explain the importance of Accounts Receivable in a company's balance sheet and cash flow management. Determine the value of Accounts Receivable if Total Current Assets are $400,000 and Inventory amounts to $100,000. Discuss the implications of this value for the company's cash conversion cycle. (Provide answer in the format: Accounts Receivable = Total Current Assets - Inventory = Answer)
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