Question
1. A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $90,000. What is the receivables turnover? (Do
1. A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $90,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
