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MiddleBiz has credit sales of $1,624,500 p.a. with 45 day credit terms. Assume that there are 365 days per year. What is the average amount
MiddleBiz has credit sales of $1,624,500 p.a. with 45 day credit terms. Assume that there are 365 days per year. What is the average amount of working capital invested in Accounts Receivable?
Select one:
a. $202,500
b. $200,280
c. $4,451
d. $36,100
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