Question
Evil Pop, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. Assume 365 days per year. What
| Evil Pop, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. 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 | $ |
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States And The Reemergence Of Global Finance
Authors: Eric Helleiner
1st Edition
0801428599, 978-0801428593
