The Manana Corporation had sales of $280 million this year. Its accounts receivable balance averaged $25 million.

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The Manana Corporation had sales of $280 million this year. Its accounts receivable balance averaged $25 million. How long, on average, does it take the firm to collect on its sales?

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Corporate Finance

ISBN: 9780273792024

3rd Global Edition

Authors: Peter Demarzo, Jonathan Berk

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Question Posted: Jun 12, 2024 01:14 AM

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The Manana Corporation had sales of $280 million this year. Its accounts receivable balance averaged $25 million.

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Corporate Finance

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