Benton, Inc., has an average collection period of 24 days. Its average daily investment in receivables is
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Benton, Inc., has an average collection period of 24 days. Its average daily investment in receivables is $49,300. What are annual credit sales? What is the receivables turnover? Assume 365 days per year.
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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