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Eco-friendly products has annual credit sales of 900000 and

Eco-Friendly Products has annual credit sales of $900,000 and an average collection period of 30 days. Assume a 360-day year. What is the company`s average accounts receivable balance? Accounts receivable are equal to the average daily credit sales times the average collection period.

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Finance Basics: Eco-friendly products has annual credit sales of 900000 and

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