The King Corporation has annual sales of $26.5 million. The average collection period is 28...
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The King Corporation has annual sales of $26.5 million. The average collection period is 28 days. What is the average investment in accounts receivable as shown on the balance sheet? (Use 365 days per year. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Average accounts receivable
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