Westover&'s has an average collection period of 31 days.Its average daily investment in accounts receivables is $51,068.What are its annual credit sales? Assume a 365-day year.
A)$527,272
B)$601,285
C)$614,414
D)$450,200
E)$419,737

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The Answer of Westover&'s has an average collection period of 31 days.Its average daily investment in accounts receivables is $51,068.What are its annual credit sales? Assume a 365-day year.
A)$527,272
B)$601,285
C)$614,414
D)$450,200
E)$419,737

Westover&'s Has an Average Collection Period of 31 Days