Suppose That Sales For The Entire Year Were 200 000 And Cost Of Goods Sold 60 Of

Suppose that Sales for the entire year were $200,000 and Cost of Goods Sold 60% of Sales.  The inventory balance is $10,000, the Receivables Collection Period is 20 days.  What is the average accounts receivable?  a) 5,000  b) 11,111  c) 14,141  d) 23,300

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