Question
2. A wholesale Fabric Company estimates its average account receivable at $63,000 while its book shows $472,500 in credit sales. a. (2 pts.) How many
2. A wholesale Fabric Company estimates its average account receivable at $63,000 while its book shows $472,500 in credit sales.
a. (2 pts.) How many days would it take for the company to collectits credit?
b. (2 pts.) what would these collection days mean if the company has a 60-days credit policy?
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
