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Problem 7-7 Accounts receivable balance (LO7-4] Knight Roundtable Co. had annual credit sales of $612,000 and an average collection period of 45 days in 2018.

Problem 7-7 Accounts receivable balance (LO7-4] Knight Roundtable Co. had annual credit sales of $612,000 and an average collection period of 45 days in 2018. What were the company's average accounts receivable balance? (Use a 360-day year.) Average accounts receivable balance

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