What is the average investment in accounts receivables as


Coastal Gifts has an average collection period of 18 days and annual sales of $694,000. What is the average investment in accounts receivables as shown on the balance sheet?

Select one:

a. $18,850

b. $16,840

c. $20,375

d. $46,220

e. $34,225

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Financial Management: What is the average investment in accounts receivables as
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