The A-Rod Company hs not been receiving as much from its customer base as in
prior years. There is concern that this will hamper future cash flows. The firm had
annual sales of $18,000,000. It does extend 30 day credit terms.
The accounts receivable turnover is 7.5 times.
What is the year end accounts receivable figure?

$2,300,000

$2,400,000

$2,500,000

$2,600,000