Sosa Lumber Yard has a current accounts receivable balance of ($425,467.) Credit sales for the year just

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Sosa Lumber Yard has a current accounts receivable balance of \($425,467.\) Credit sales for the year just ended were \($2,510,255.\) What is the receivables turnover? The days’sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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