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The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, 8 days past due. Annual credit sales are $6.3
The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, 8 days past due. Annual credit sales are $6.3 million. What is the company's balance sheet amount in accounts receivable? (Use 365 days a year. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16))
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