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Question 1 3 ( 1 0 points ) A company can estimate its number of days receivables, sometimes called the Receivables Period or Average Collection
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A company can estimate its number of days receivables, sometimes called the
"Receivables Period" or "Average Collection Period" by the following ratio:
This ratio provides an estimate of the average number of days it takes customers to pay their invoices.
Suppose a company has the following data:
Ending Accounts Receivables at the end of the current fiscal year
$
On average, it took customers days to pay their invoices during the fiscal
year.
Based on the above information, calculate the total value of credit sales made
during the fiscal year. Express your answer rounded to the closest dollar, with NO decimal places ie
Credit Sales: $
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