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Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect?
Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? 2. Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? 3. According to the map, does there seem to be a relationship between customer profitability and average days to collect? 4
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