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Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable as

Outdoors Woods has annual credit sales of $14.38 million. The average collection period is 12 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume a 365-day year.

$393,134

$524,000

$472,767

$446,000

$408,888

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