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Maddox Resources has credit sales of $ 1 8 9 , 0 0 0 yearly with credit terms of net 3 0 days, which is
Maddox Resources has credit sales of $ yearly with credit terms of net days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full days to pay. Use days in a year. a What is the average receivables balance? Do not round intermediate calculations. Round the final answer to nearest whole dollar. Accounts receivable balance
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