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4. value: 10.00 points Essence of Skunk Fragrances, Ltd., sells 8,400 units of its perfume collection each year at a price per unit of $550.
4. value: 10.00 points Essence of Skunk Fragrances, Ltd., sells 8,400 units of its perfume collection each year at a price per unit of $550. All sales are on credit with terms of 2.5/10, net 60. The discount is taken by 65 percent of the customers. Calculate the average collection period. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection days What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your answer to 3 decimal places, e.g, 32.161.) ceivables turnover times What is the amount of the companys average receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.16) Average receivables References eBook & Resources Worksheet
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