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Balance in accounts receivable for corn products

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Reference no: EM132149284

Asset Management Ratios Corn Products, Corp. ended the year 2008 with an average collection period of 32 days. The firm's credit sales for 2008 were $10.7 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)

Reference no: EM132149284

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