The Manana Corporation had sales of $69 million this year. Its accounts receivable balance averaged $7 million.

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The Manana Corporation had sales of $69 million this year. Its accounts receivable balance averaged $7 million. How long, on average, does it take the firm to collect on its sales?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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