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QUESTION 24 A company has an average collection period of 31 days. If the receivables balance is $4,500,000, what would the year's credit sales be?

QUESTION 24 A company has an average collection period of 31 days. If the receivables balance is $4,500,000, what would the year's credit sales be? $14.587 million $48.371 million $10.899 million $52.984 million none of these

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