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Taylor Glass has annual sales of $ 1 , 7 6 0 , 0 0 0 . Although it extends credit for 3 0 days
Taylor Glass has annual sales of $ Although it extends credit for days the receivables are days overdue. What is the average accounts receivable outstanding, and how much could the company save in interest expense if customers paid on time and if it costs Taylor Glass percent to carry its receivables? Assume days in a year. Round your answers to the nearest cent.
Accounts recelvable: $
Interest saved: $
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