What is the firms investment in accounts receivable

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Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receivables collection period of 47 days, and a payables deferral period of 35 days. If Tauscher's sales are $3,309,028 and all sales are on credit, what is the firm's investment in accounts receivable? (using the convention of 365 days per year)

Reference no: EM13847093

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