Multiple Choice
Ardvark Corp. (AC) reported annual sales of $15,500,000. In the past AC's customers have paid within an average of 35 days. AC's management is considering allowing customers to pay in 40 days.
-AC's average AR is ______________.
A) $3,238,999
B) $1,486,301
C) $1,698,640
D) $15,500,000
Correct Answer:
Verified
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