Question: Mr Husker s Tuxedos Corp ended the year 2015 with an
Mr. Husker’s Tuxedos Corp. ended the year 2015 with an average collection period of 32 days. The firm’s credit sales for 2015 were $56.1 million. What is the year-end 2015 balance in accounts receivable for Mr. Husker’s Tuxedos?
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