Answer:
The amount tied up in AR is $69434.12
Step-by-step explanation:
The Gross Revenue, GR = $495,958.02
From the question:
The Annual Revenue, AR = 14% of GR
AR = (14/100) x $495,958.02
AR = 0.14 x $495,958.02
AR = $69434.12
The amount tied up in AR is $69434.12