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Darla's cosmetics has annual credit

28/04/2021 Client: asad8949eF Deadline: 2 Day

Darla’s Cosmetics has annual credit sales of $1,440,000 and an average collection period of 45 days in 2008. Assume a 360-day year.
What is the company’s average accounts receivable

balance? Accounts receivable
are equal to the average daily credit sales times the average collection period.

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