On Average Your fiRm Sells $43,209 of Items on Credit

question 116

Multiple Choice

On average your firm sells $43,209 of items on credit each day. Your average inventory period is 32 days and your operating cycle is 57 days. What is your average accounts receivable balance?

• A) $432,090
• B) $878,406
• C) $1,080,225
• D) $1,382,688
• E) $2,462,913

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