Suppose that sales for the entire year were 200000 and cost


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 accounts payable balance is $5,000, and the cash conversion cycle is 40 days. What is the Accounts receivable balance?

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Financial Management: Suppose that sales for the entire year were 200000 and cost
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