CornProducts Corp. ended the year 2018 with an average collection period of 40 days. The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2013 balance in accounts receivable for Corn Products?
A)$225,000
B)$986,300
C)$4,444,400
D)$360,000,000

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The Answer of CornProducts Corp. ended the year 2018 with an average collection period of 40 days. The firm's credit sales for 2011 were $9 million. What is the approximate year-end 2013 balance in accounts receivable for Corn Products?
A)$225,000
B)$986,300
C)$4,444,400
D)$360,000,000