If customers pay their invoices on average in 30 days and the company is projecting a 12% increase in its sales revenue next year from its current level of $5,657,500, how much more will it be carrying in accounts receivable next year?
A) $3,100
B) $94,292
C) $55,800
D) $93,000
E) $1,131,500
Correct Answer:
Verified
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