Question
A firm has an average age of accounts receivable is 45 days. The average age of accounts payable is 37 days, and the average age
A firm has an average age of accounts receivable is 45 days. The average age of accounts payable is 37 days, and the average age of inventory is 72 days. If the firm has annual sales of $730,000, what is the firm's average accounts receivable balance?
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Understanding Healthcare Financial Management
Authors: Louis C. Gapenski, George H. Pink
6th Edition
1567933629, 9781567933628
