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5. Accounts Receivable Turnover 79,000 / (12,300 +9,100 / 2) = 79,000 / 10,700 = 7.38 6. Average Collection Period (Days Sales Outstanding in Receivables)

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5. Accounts Receivable Turnover 79,000 / (12,300 +9,100 / 2) = 79,000 / 10,700 = 7.38 6. Average Collection Period (Days Sales Outstanding in Receivables) 365 / 7.38 = 49.5 or 50 7. Briefly comment (one or two sentences) about the information in 5 & 6. If credit terms are 2/10:n 30, would you be concerned? Why or why not

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