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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The receivables turnover is Receivables turnover 365Average coll...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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