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Calculate annual sales

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Reference no: EM132864938

Problem 1: A firm has an average collection period is 36 days and that the balance of accounts receivable at year-end is $30,000 and receivables turnover is 10x. Calculate annual sales.

Select one:

A. $300,000
B. $3,000,000
C. $12,000,000
D. none of these are correct

Reference no: EM132864938

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