Question
If Maverick, Inc., has an accounts receivable turnover of 5.9 times and net sales of $3,436,812, what is its level of receivables? a. $81,234 b.
If Maverick, Inc., has an accounts receivable turnover of 5.9 times and net sales of $3,436,812, what is its level of receivables?
| a. | $81,234 |
| b. | $381,234 |
| c. | $582,510 |
| d. | $1,403,567 |
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
