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Problem 28-6 ACP and Receivables Turnover Dawkins, Inc., has an average collection period of 35 days. Its average daily investment in receivables is $68,300. What
Problem 28-6 ACP and Receivables Turnover Dawkins, Inc., has an average collection period of 35 days. Its average daily investment in receivables is $68,300. What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) What are annual credit sales? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Receivables turnover times Annual credit sales
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