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A firm has $49,650 in receivables and $207,300 in total assets. The total asset turnover rate is 1.4 and the profit margin is 9.7
A firm has $49,650 in receivables and $207,300 in total assets. The total asset turnover rate is 1.4 and the profit margin is 9.7 percent. How long on average does it take the firm to collect its receivables? Time to collect receivables = days
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Physics
Authors: Alan Giambattista, Betty Richardson, Robert Richardson
2nd edition
77339681, 978-0077339685
