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Marshall, Inc., has weekly credit sales of $20,500 and the average collection period is 41 days. The cost of production is 75 percent of the
Marshall, Inc., has weekly credit sales of $20,500 and the average collection period is 41 days. The cost of production is 75 percent of the selling price. What is the average accounts receivable figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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