Lewis Inc. has sales of $3,600,000 per year, all of which are credit sales. Its days sales

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Lewis Inc. has sales of $3,600,000 per year, all of which are credit sales. Its days sales outstanding is 42 days. What is its average accounts receivable balance? Assume 360 days per year.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: Feb 29, 2024 02:54 AM

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Lewis Inc. has sales of $3,600,000 per year, all of which are credit sales. Its days sales

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Financial and Managerial Accounting the basis for business decisions

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