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Average investment in accounts receivables

The Tate Corporation has annual sales of $47 million. The average collection period is 36 days. What is the average investment in accounts receivables as shown on the balance sheet?

A. $4,730,520

B. $4,635,616

C. $4,835,400

D. $4,563,116

E. $4,653,616

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Finance Basics: Average investment in accounts receivables

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Average investment in accounts receivables

Reference No:- TGS0679995

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Average investment in accounts receivables

Reference No:- TGS0679995

Recent Questions Asked Finance Basics

Q : What is the complete disclosure of these events

Q : How much gift card revenue associated with the august

Q : Determine company-s net cash flow for negative net income

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Q : Average investment in accounts receivables

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