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What is the approximate year-end balance

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Question - Asset Management Ratios - Corn Products, Corp. ended the year 2018 with an average collection period of 35 days. The firm's credit sales for 2018 were $10.4 million. What is the approximate year-end 2018 balance in accounts receivable for Corn Products? (Consider 365 days a year.)

Reference no: EM133182638

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