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Use the information above to determine the average collection period. Note: Average Collection Period A/R Investment Average Waily Sales Show your calculation. By how much

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Use the information above to determine the average collection period. Note: Average Collection Period A/R Investment Average Waily Sales Show your calculation. By how much would its accounts receivable investment be reduced if it collected its invoices in 30 days? Note: A/R Investment = Average Daily Sales x Collection Period Show your calculation. Round your final answer to the nearest dollar. If their account receivables were collected in the length of time stated in the previous question, how much would the company earn annually if they could earn 9% per annum? Show your calculation

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