The arizona bay corporation sells on credit terms of net 30


Size of Accounts Receivable

The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, four days past due. If annual credit sales are $9.75 million, what is the company's balance sheet amount in accounts receivable?

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Finance Basics: The arizona bay corporation sells on credit terms of net 30
Reference No:- TGS02198494

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