Question
ABCD Corporation has credit sales of $14,730,000 and receivables of $1,520,000. Assume there are 365 days in a year. What is the receivables turnover? Round
ABCD Corporation has credit sales of $14,730,000 and receivables of $1,520,000. Assume there are 365 days in a year.
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What is the receivables turnover? Round your answer to two decimal places.
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What is the average collection period (days sales outstanding)? Round your answer to the nearest whole number.
days
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If the company offers credit terms of 25 days, are its receivables past due? Round your answer to the nearest whole number. Enter zero if the receivables are not past due.
-Select-YesNoItem 3 , it is days overdue.
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
