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Sweetens Cove, Incorporated, has weekly credit sales of $18,400 and the average collection period is 46 days. The cost of production is 75 percent of
Sweetens Cove, Incorporated, has weekly credit sales of $18,400 and the average collection period is 46 days. The cost of production is 75 percent of the selling price. What is the average accounts receivable figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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