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Problem 4-1 DAYS SALES OUTSTANDING Baxley Brothers has a DSO of 46 days, and its annual sales are $9,855,000. What is its accounts receivable balance?

Problem 4-1 DAYS SALES OUTSTANDING

Baxley Brothers has a DSO of 46 days, and its annual sales are $9,855,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.

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