Rocket city space camp has annual credit sales of 16, Financial Management

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Rocket city space camp has annual credit sales of 16

Rocket City Space Camp has annual credit sales of $16 million. The average collection period is 35 days. What is the average investment in accounts receivable as shown on the balance sheet? A. $646,000 B. $824,000 C. $1,408,888 D. $1,534,247 E. $1,693,134

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Financial Management: Rocket city space camp has annual credit sales of 16

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