business finance chapter 6

Chapter 7 Problem The purpose of the assignments is to test your undertsanding of the material learned in chapter 7 Basically, you are being required to apply what you learned to a specific concept. Review the following problem and answer the questions that follow. You must show your working (how you arrived at your answer). No credit for solution that do not show the prodceure or steps Question: Average collection period. Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288.000. Compute the value of the average collection period. OM DELL angerers ris 900511888. F9 F10 F8 F7 F5 F6 E3 F4 & $ % # 0 8 9 7 6 3 4 5 U E R JU T