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River City Gifts has an average collection period of 20 days and annual sales of $650,000. What is the average investment in accounts receivable as

River City Gifts has an average collection period of 20 days and annual sales of $650,000. What is the average investment in accounts receivable as shown on the balance sheet? $18,850 $20,375 $25,506 $28,900 $35,616

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