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Kaye's Incorporation has a Days Sales Outstanding Ratio (i.e., DSO) of 32 days and its annual sales is $2,500,000. What is its accounts receivable balance?

Kaye's Incorporation has a Days Sales Outstanding Ratio (i.e., DSO) of 32 days and its annual sales is $2,500,000. What is its accounts receivable balance? Assume that it uses a 365-day year. $320,332.16 $250,000.00 $219,178.08 $305,872.60

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