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The following data (assume a 365-day year) is in relation to Warehouse Ltd: Sales = $3,650,000 Total asset turnover = 4 Current ratio = 3:1

The following data (assume a 365-day year) is in relation to Warehouse Ltd:

Sales = $3,650,000

Total asset turnover = 4

Current ratio = 3:1

Quick ratio = 2:1

Current liabilities to net worth = 30%

Average collection period = 20 days

Total debt to total assets = 0.4

Required:

Calculate the accounts receivable

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