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Question
Based on the following information, determine the average receivables (rounded to thousands of dollars) that were outstanding: net sales = $575,000; sale-to-cash conversion period = 57.1 days; purchase-to-payment conversion period = 76.8 days; and cost of goods sold = $380,000.
a. $90,000
b. $180,000
c. $121,000
d. $45,000
Answer
This answer is hidden. It contains 1 characters.
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