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The MalibuCorporation has annual credit sales of $35 million. The average collection period is 37 days.What is the average investment in accounts receivable as shown
The MalibuCorporation has annual credit sales of $35 million. The average collection period is 37 days.What is the average investment in accounts receivable as shown on the balance sheet?
Average Receivables:
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
