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A7X, Inc., has an average collection period of 21 days. Its average daily investment in receivables is $80,000. What is the receivables turnover? (Do not
A7X, Inc., has an average collection period of 21 days. Its average daily investment in receivables is $80,000. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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