will rate!

Problem 28-8 Size of Accounts Receivable The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, 7 days past due. Annual credit sales are $7.6 million. What is the company's 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.) Accounts receivable