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Calculating Receivables turnover and Annual credit sales Evil Pop. Inc., has an average collection period of 64 days. Its average daily investment in receivables is
Calculating Receivables turnover and Annual credit sales
Evil Pop. Inc., has an average collection period of 64 days. Its average daily investment in receivables is $42.800. Assume 365 days per year. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Receivables turnover times What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual credit sales $Step by Step Solution
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