The red zeppelin corporation has annual sales of 86 million


The Red Zeppelin Corporation has annual sales of $86 million. The average collection period is 25 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year. (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to nearest whole dollar amount.)

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Financial Management: The red zeppelin corporation has annual sales of 86 million
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