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What is the average accounts receivable

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Question - Suppose that Sales for the entire year were $200,000 and Cost of Goods Sold 60% of Sales. The Inventory Balance is $10,000, the Receivables Collection Period is 20 days. What is the Average Accounts Receivable?

a. 5,000

b. 11,111

c. 14,141

d. 23,300

Reference no: EM131629710

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