Question
Oral Roberts Dental Supplies has annual sales of $6,615,000. Eighty percent are on credit. The firm has $882,000 in accounts receivable. Compute the value of
Oral Roberts Dental Supplies has annual sales of $6,615,000. Eighty percent are on credit. The firm has $882,000 in accounts receivable. Compute the value of the average collection period. (Do not round intermediate calculations. Use a 360-day year.)
Average collection period= _______days
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
