The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million.

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The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?

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Corporate Finance

ISBN: 9780137845071

6th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 12, 2024 02:04 AM

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The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million.

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Corporate Finance

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