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Ruby Red has an average collection period of 31 days. Its average daily investment in receivables is $74,800. What are annual credit sales? Choose one

Ruby Red has an average collection period of 31 days. Its average daily investment in receivables is $74,800. What are annual credit sales? Choose one a. $727,272 b. $880,710 c. $914,414 d. $1,604,200 e. $1,707,500

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