MiddleBiz has credit sales of $1,624,500 p.a. with 45 day credit terms. Assume that there are 365

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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 of working capital invested in Accounts Receivable?

Select one:

a. $202,500

b. $200,280

c. $4,451

d. $36,100

Posted Date: Jun 15, 2024 06:06 AM

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MiddleBiz has credit sales of $1,624,500 p.a. with 45 day credit terms. Assume that there are 365

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