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Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35

Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 36 days, and a payables deferral period of 35 days. Tauscher's sales are $4,309,028 and all sales are on credit. In addition, its cost of goods sold is 75% of sales. What is the firm's investment in accounts receivable?

a. $325,000

b. $375,000

c. $425,000

d. $500,000

e. $575,00

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