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TB MC Qu. 3-1 Asset Management Ratios Corn Products... Asset Management Ratios Com Products, Corp. ended the year 2018 with an average collection period of

TB MC Qu. 3-1 Asset Management Ratios Corn Products... Asset Management Ratios Com Products, Corp. ended the year 2018 with an average collection period of 35 days. The firm's credit sales for 2018 were $10.4 million What is the approximate year-end 2018 balance in accounts receivable for Corn Products? Consider 365 days a year) Multiple Choice $3.3654 million $0.2971 milion $364 million $0.9973 million

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