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Mr. Huskers Tuxedos Corporation ended the year with an average collection period of 36 days. The firms credit sales were $56.5 million. What is the
Mr. Huskers Tuxedos Corporation ended the year with an average collection period of 36 days. The firms credit sales were $56.5 million.
What is the year-end balance in accounts receivable for Mr. Huskers Tuxedos?
Note: Enter your answer in dollars not in millions. Use 365 days a year.
Mandesa, Incorporated has current liabilities of $8,300,000, current ratio of 2.0 times, inventory turnover of 12 times, average collection period of 33 days, and credit sales of $64,300,000.
Calculate the value of cash and marketable securities.
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