What is the accounts receivable balance

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Reference no: EM131881775

Suppose that Sales for the entire year were $100,000 and Cost of Goods Sold was 80% of Sales.

The Inventory Conversion period is 40 days, the Accounts Payable Deferral Period is 20 days, and the Cash Conversion Cycle is 30 days.

What is the Accounts Receivable balance?

Reference no: EM131881775

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