Question
A firm has $45,750 in receivables and $209,900 in total assets. The total asset turnover rate is 1.8 and the profit margin is 7.1 percent.
A firm has $45,750 in receivables and $209,900 in total assets. The total asset turnover rate is 1.8 and the profit margin is 7.1 percent. How long on average does it take the firm to collect its receivables? T
ime to collect receivables = days
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Commodity Market Trading And Investment
Authors: Tom James
1st Edition
1137432802, 978-1137432803
