The Manana Corporation had sales of $83 million this year. Its accounts receivable balance averaged $2 million.

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The Manana Corporation had sales of $83 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?

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Corporate Finance The Core

ISBN: 9781292158334

4th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Feb 29, 2024 04:00 AM

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The Manana Corporation had sales of $83 million this year. Its accounts receivable balance averaged $2 million.

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To calculate the average collection period for The Manana Corporation we can use the following ...View the full answer

Corporate Finance The Core

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