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Knight Roundtable Co. has annual credit sales of $720,000 and an average collection period of 30 days in 2008. What is the companys average accounts

Knight Roundtable Co. has annual credit sales of $720,000 and an average collection period of 30 days in 2008. What is the companys average accounts receivable balance? (Use a 360-day year.)

Average accounts receivable balance _______

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