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Question
If Boyd Corporation has sales of $2 million per year (all credit) and days sales outstanding of 35 days, what is its average amount of accounts receivable outstanding (assume a 360 day year)?
a. $194,444
b. $57,143
c. $5,556
d. $97,222
e. $285,714
Answer
This answer is hidden. It contains 66 characters.
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