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GFBs accounts receivable as of November 30, 2018 were $1.4 million. During December, they collected $900,000 in customer payments and sold $1.1 million worth of
GFBs accounts receivable as of November 30, 2018 were $1.4 million. During December, they collected $900,000 in customer payments and sold $1.1 million worth of GFB Drones, with a cost of goods sold (COGS) of $500,000. What is the level of their accounts receivable on December 31? Show your work.
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