If Hot Tubs Inc. had sales of $2,027,773 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 365-day year.)
A) $194,444
B) $ 57,143
C) $ 5,556
D) $ 97,222
E) $212,541
Correct Answer:
Verified
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