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7 value: 1.00 points Essence of Skunk Fragrances, Ltd., sells 6,300 units of its perfume collection each year at a price per unit of $590.

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7 value: 1.00 points Essence of Skunk Fragrances, Ltd., sells 6,300 units of its perfume collection each year at a price per unit of $590. All sales are on credit with terms of 1/10, net 90. The discount is taken by 60 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 period 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.) Receivables turnover times What is the amount of the company's 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 Difficulty: 1 Basic Section: 28.1 Credit and Receivables Check my work

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