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On average, your firm sells $33,300 of items on credit each day. The average inventory period is 37 days and your operating cycle is 57
On average, your firm sells $33,300 of items on credit each day. The average inventory period is 37 days and your operating cycle is 57 days. What is the average accounts receivable balance? Multiple Choice $666,000 $1,232,100 $1,265,400 $1,898,100 $1,332,000
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