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What is the average investment in accounts receivable

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Question: Size of Accounts Receivable. The Bates Corporation has annual credit sales of $31.2 million. The average collection period is 33 days. What is the average investment in accounts receivable as shown on the balance sheet? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131733274

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