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The Paa Ko Corporation sells on credit terms of net 3 0 . Its accounts are, on average, 4 days past due. Annual credit sales

The Paa Ko Corporation sells on credit terms of net 30. Its accounts are, on average, 4 days past due. Annual credit sales are $5.6 million. What is the companys balance sheet amount in accounts receivable? (Use 365 days a year. 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.)

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