Question
Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 42 days. The firm's credit sales for 2018 were $55.1
Mr. Husker's Tuxedos Corp. ended the year 2018 with an average collection period of 42 days. The firm's credit sales for 2018 were $55.1 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker's Tuxedos? (Enter your answer in dollars not in millions.) Accounts receivable
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Finance Applications and Theory
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