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The Caccamisse Corporation has annual sales of $41 million. The average collection period is 50 days. What is the average investment in accounts receivable as

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The Caccamisse Corporation has annual sales of $41 million. The average collection period is 50 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 nearest whole number, e.g., 1,234,567.)

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