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Lupo, Inc., has an average collection period of 5 8 days. Its average daily investment in receivables is $ 9 1 , 1 0 0
Lupo, Inc., has an average collection period of days. Its average daily investment in receivables is $ Assume days per year.
a What is the receivables turnover? Do not round intermediate calculations and round your answer to decimal places, eg
b What are annual credit sales? Do not round intermediate calculations and round your answer to decimal places, eg
tableaReceivables turnover,timesbAnnual credit sales,
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