What is your average accounts receivable balance

Reference no: EM13268618

On average your firm sells $32,600 of items on credit each day. Your average inventory period is 30 days and your operating cycle is 50 days. What is your average accounts receivable balance?

$1,010,600

$1,304,000

$1,630,000

$652,000

$978,000

Reference no: EM13268618

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