Question
Four Doors Down, Inc., has weekly credit sales of $39,000, and the average collection period is 38 days. What is the company's average accounts receivable
Four Doors Down, Inc., has weekly credit sales of $39,000, and the average collection period is 38 days.
What is the company's average accounts receivable figure?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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