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A7X, Inc., has an average collection period of 33 days. Its average daily investment in receivables is $87,600. What are annual credit sales? What is
A7X, Inc., has an average collection
period of 33 days. Its average daily investment in receivables is $87,600.
What are annual credit sales? What is the receivables turnover?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
