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The Malibu Corporation has annual credit sales of $25 million. The average collection period is 27 days. What is the average investment in accounts receivable

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The Malibu Corporation has annual credit sales of $25 million. The average collection period is 27 days. What is the average investment in accounts receivable as shown on the balance sheet? (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.) Average receivables You have $21,400 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $4,900. What are your disbursement, collection, and net floats? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Disbursement float Collection float Net float

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