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Here are the key steps to solve this problem: * Days of sales outstanding (DSO) = 22 days * Average receivables = $234,000 * COGS for the year = $1,245,000 * To calculate annual sales: - Average receivables / (COGS/365 days) = DSO - $234,000 / ($1,245,000/365) = 22 - $1,245,000 * 365 / 22 = $1,410,400 The annual sales that is closest to the calculated amount is B, $1,410,400.

Author

Mayur Agrawal

Language

EN