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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coastal gifts has an average collection period of 18 days and annual sales of 694000 what is the average investment in
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