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Dahlia Corporation has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610. a. What is the receivables
Dahlia Corporation has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610. a. What is the receivables turnover? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the days' sales in receivables? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. How long did it take, on average, for credit customers to pay off their accounts during the past year? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Receivables tumover b. Days' sales in receivables times days c. Average collection period days
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