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The tate corporation has annual sales of 47 million the

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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

Reference no: EM13575153

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