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Miranda is the owner manager of Web Design Inc. They provide personalized logo design for all types of businesses. Web Design inc. sells on credit

Miranda is the owner manager of Web Design Inc. They provide personalized logo design for all types of businesses.

Web Design inc. sells on credit terms of net 30. Its accounts are , on average , 5 days past due. If annual credit sales are $10 million, what is the companys balance sheet in accounts receivable? Assume a 365 day per year. (5 marks)

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