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Question
If Hot Tubs Inc. had sales of $2 million per year (all credit) and its days sales outstanding was equal to 35 days, what was 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. $212,541
Answer
This answer is hidden. It contains 74 characters.
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