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The Caccamisse Corporation has annual credit sales of $33 million. The average collection period is 35 days. What is the average Investment in accounts recelvable

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The Caccamisse Corporation has annual credit sales of $33 million. The average collection period is 35 days. What is the average Investment in accounts recelvable as shown on the balance sheet? Assume 365 days per year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89

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