Tauscher textiles corporation has an inventory conversion, Ask an Expert

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Tauscher Textiles Corporation has an inventory conversion period of 45 days, a receiva-bles collection period of 45 days, and a payables deferral period of 35 days. If Tauscher's sales are $3,309,028 and all sales are on credit, what is the firm's investment in accounts receivable? (using the convention of 365 days per year)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91417674

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