Clovis industries had sales in 2006 of 40 million 20


Clovis Industries had sales in 2006 of $40 million, 20 percent of which were cash. If Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances? 

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Finance Basics: Clovis industries had sales in 2006 of 40 million 20
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