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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 units of its perfume collection each year at a price per unit of $ All sales are on credit with terms of net The discount is taken by percent of the customers.
a Calculate the average collection period. Do not round intermediate calculations and round your answer to decimal places, eg
b What is the receivables turnover? Use days a year. Do not round intermediate calculations and round your answer to decimal places, eg
c What is the amount of the company's average receivable? Do not round intermediate calculations and round your answer to decimal places, eg
tablea Average collection period,,daysb Receivables turnover,,timesc Average receivables,,
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