Asset management ratios corn products
Course:- Financial Management
Reference No.:- EM131010353

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Asset Management Ratios Corn Products, Corp. ended the year 2008 with an average collection period of 38 days. The firm's credit sales for 2008 were $10.1 million. What is the year-end 2008 balance in accounts receivable for Corn Products? (Consider a 365 days a year.)

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