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The Caccamisse Corporation has annual sales of $ 2 9 million. The average collection period is 3 4 days. What is the average investment in

The Caccamisse Corporation has annual sales of $29 million. The average collection period is 34 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g.,32.16.)

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