Eastlake's has an average collection period of 25 days.Its average daily investment in accounts receivables is $43,566.What are its annual credit sales? Assume a 365-day year.
A)$530,053
B)$636,064
C)$512,955
D)$505,928
E)$522,792

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The Answer of Eastlake's has an average collection period of 25 days.Its average daily investment in accounts receivables is $43,566.What are its annual credit sales? Assume a 365-day year.
A)$530,053
B)$636,064
C)$512,955
D)$505,928
E)$522,792

Eastlake's Has an Average Collection Period of 25 Days