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Forest Living has annual credit sales of $11.65 million. The average collection period is 18 days. What is the average investment in accounts receivable as

Forest Living has annual credit sales of $11.65 million. The average collection period is 18 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year. Multiple Choice $510,899 $574,521 $493,156

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