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Suppose you have a company with a 60 day average collection period. Considering the sales estimates below, what is the accounts receivable balance at the

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Suppose you have a company with a 60 day average collection period. Considering the sales estimates below, what is the accounts receivable balance at the end of the third quarter? Assume there are 90 days in a quarter. Q1 5,600 $ Q2 6,900 Q3 7,350 Q4 8,720 Sales $ $ $

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