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It takes Peteys Spa Products (PSP) an average of 48 days to sell its inventory and an average of 18 days to collect its accounts

It takes Peteys Spa Products (PSP) an average of 48 days to sell its inventory and an average of 18 days to collect its accounts receivable (DSR = 18). The firm has sales of $942,300 and costs of goods sold of $692,800. What is PSPs accounts receivable balance? Assume a 365-day year

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