Question
Howdy, Oral Roberts Dental Supplies has annual sales of $5,280,000. Ninety percent are on credit. The firm has $594,000 in accounts receivable. Compute the value
Howdy,
Oral Roberts Dental Supplies has annual sales of $5,280,000. Ninety percent are on credit. The firm has $594,000 in accounts receivable.
Compute the value of the average collection period. (Do not round intermediate calculations. Use a 360-day year.)
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Thank you,
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
