Stargell Lumber Yard has a current accounts receivable balance of $392,164. Credit sales for the year just
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Stargell Lumber Yard has a current accounts receivable balance of $392,164. Credit sales for the year just ended were $2,105,620. 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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Receivables turnover is a financial ratio that measures how efficiently a company collects its accou...View the full answer
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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