On average, CT Motors has daily credit sales of $42,390, an inventory period of 53 days, and a collection period of 26 days. What is the average accounts receivable balance?
A) $757,900
B) $968,810
C) $1,102,140
D) $1,015,500
E) $896,300

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The Answer of On average, CT Motors has daily credit sales of $42,390, an inventory period of 53 days, and a collection period of 26 days. What is the average accounts receivable balance?
A) $757,900
B) $968,810
C) $1,102,140
D) $1,015,500
E) $896,300

On Average, CT Motors Has Daily Credit Sales of $42,390