What is the average accounts receivable balance

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Reference no: EM13270870

On average, your firm sells $26,600 of items on credit each day. The firm's average operating cycle is 43 days and it acquires and sells inventory, on average, every 26 days. What is the average accounts receivable balance?

$691,600
$1,143,800
$406,980
$452,200
$813,960

Reference no: EM13270870

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