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Problem 3 - 3 Calculating the Average Collection Period [ LO 2 ] Dahlia Corporation has a current accounts receivable balance of $ 4 4
Problem Calculating the Average Collection Period LO
Dahlia Corporation has a current accounts receivable balance of $ Credit sales for the year just ended were $
a What is the receivables turnover?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
b What is the days' sales in receivables?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
c How long did it take, on average, for credit customers to pay off their accounts during the past year?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
tablea Receivables turnover,,timesb Days' sales in receivables,,daysc Average collection period,,days
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