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Determine the average Accounts Receivable balance

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Question - Andrew Corporation is considering to change its credit policy and has initially taken from its records the following data: Cash P200,000; Inventory turnover 10 x Sales P6M; Gross profit rate 30%; Current liabilities P400,000; Current ratio 3:1; Credit terms to customers3/15, n/60. Determine the average Accounts Receivable balance?

Reference no: EM133159844

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