Evil Pop, Inc., has an average collection period of 29 days. Its average daily investment in receivables

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Evil Pop, Inc., has an average collection period of 29 days. Its average daily investment in receivables is $43,900. What are annual credit sales? What is the receivables turnover? Assume 365 days per year.

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 21, 2016 08:28 AM

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Evil Pop, Inc., has an average collection period of 29 days. Its average daily investment in receivables

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Fundamentals of Corporate Finance

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