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Champlain Ltd. sells 8,600 units of its perfume collection each year at a price per unit of $410. All sales are on credit with terms
Champlain Ltd. sells 8,600 units of its perfume collection each year at a price per unit of $410. All sales are on credit with terms of 1/ 10.net 40. The discount is taken by 65% of the customers. Calculate the average collection period. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Average collection period days What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 3 decimal places.) Receivables turnover times What is the amount of the company's average receivables? (Use 365 days a year. Do not round intermediate calculations, Round the final answer to 2 decimal places. Omit $ sign in your response.) Average receivables
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