The Red Zeppelin Corporation has annual sales of $95 million. The average collection period is...
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Finance
The Red Zeppelin Corporation has annual sales of $95 million. The average collection period is 58 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to nearest whole dollar amount, e.g., 1,234,567.) Average receivables
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