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The Red Zeppelin Corporation has annual sales of $80 million. The average collection period is...

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The Red Zeppelin Corporation has annual sales of $80 million. The average collection period is 40 days. What is the average investment in accounts receivable as shown on the balance sheet? Multiple Choice $2,000,000 $8,504,110 $8,767,123 $9,030,137 $9,205,479

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