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help me5e! Belleville Sports Wear has $38,100 in receivables and $523,700 in total assets. The total asset turnover rate is 1.17 and the profit margin
help me5e!
Belleville Sports Wear has $38,100 in receivables and $523,700 in total assets. The total asset turnover rate is 1.17 and the profit margin is 7.3 percent. How long, on average, does it take to collect the receivables? Assume a 365-day year. A) 26.91 days B 19.45 days 11.68 days D 31.07 days E 22.70 days Step by Step Solution
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