Determining the company annual sales

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Reference no: EM131019208

Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The company's annual sales is $182,795.

If the company's annual sales are on credit, what is the investment in accounts receivable?

$3,005
$1,502
$27,544
$29,047
$30,549

Reference no: EM131019208

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Determining the company annual sales : Zucha Corporation has an inventory period of 55 days, an accounts receivable (A/R) period of 6 days, and an accounts payable (A/P) period of 3 days. The company's annual sales is $182,795. If the company's annual sales are on credit, what is the i..

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