Question
Assuming that Chianti reported annual sales of $100,000, cost of goods sold of $65,000, average receivables of $5,600, average inventories of $3,800, and average payables
Assuming that Chianti reported annual sales of $100,000, cost of goods sold of $65,000, average receivables of $5,600, average inventories of $3,800, and average payables of $5,700.
What is Chianti Corp.'s Receivables Turnover and Average Receivables Collection Period?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
10th edition
978-1337902571, 1337902578, 978-1337911054, 1337911054, 978-0324272055
