hers $2$ hers $2$ hers $2$ hers $2$

Problem $3-3$ Asset Management Ratios $($LG$3-2)$

Mr$.$ Husker's Tuxedos Corporation ended the year with an average collection period of $38$ days. The firm's credit sales were $$55\mathrm{.}5$ million.

What is the year$-$end balance in accounts receivable for Mr$.$ Husker's Tuxedos?

Note: Enter your answer in dollars not in millions. Use $365$ days a year.

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