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On average, your firm sells $32,700 of items on credit each day. The average inventory period is 31 days and your operating cycle is 51
On average, your firm sells $32,700 of items on credit each day. The average inventory period is 31 days and your operating cycle is 51 days. What is the average accounts receivable balance?
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
