What is the average investment in accounts receivable

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ABC’s credit terms are 1/5, net 44. Based on experience, 46 percent of all customers take the discount. ABC has annual credit sales of $174,505. What is the average investment in accounts receivable as shown on the balance sheet? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Reference no: EM131309666

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