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Essence of Skunk Fragrances, Limited, sells 9 , 3 0 0 units of its perfume collection each year at a price per unit of $

Essence of Skunk Fragrances, Limited, sells 9,300 units of its perfume collection each
year at a price per unit of $415. All sales are on credit with terms of 110, net 40. The
discount is taken by 45 percent of the customers.
Calculate the average collection period. (Do not round intermediate calculations and
round your answer to 2 decimal places, e.g.,32.16.)
What is the receivables turnover? (Use 365 days a year. Do not round intermediate
calculations and round your answer to 4 decimal places, e.g.,32.1616.)
What is the amount of the company's average receivables? (Use 365 days a year. Do
not round intermediate calculations and round your answer to 2 decimal places, e.g.,
32.16.)
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