Vang, Inc., has an average collection period of 28 days. Its average daily investment in receivables is

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Vang, Inc., has an average collection period of 28 days. Its average daily investment in receivables is $87,000. What are annual credit sales? What is the receivables turnover?

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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Jun 15, 2019 07:19 AM

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Vang, Inc., has an average collection period of 28 days. Its average daily investment in receivables is

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Essentials Of Corporate Finance

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