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Problem 7-10 Determination of credit sales [LO4] Mervyns Fine Fashions has an average collection period of 30 days. The accounts receivable balance is $84,000. What

Problem 7-10 Determination of credit sales [LO4] Mervyns Fine Fashions has an average collection period of 30 days. The accounts receivable balance is $84,000. What is the value of its annual credit sales? (Use a 360-day year.) Annual credit sales $ 1008,000.00 References Worksheet

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