Question
Rise Above This, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. Assume 365 days per year.
Rise Above This, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. Assume 365 days per year.
| What is the receivables turnover? (Round your answer to 4 decimal places. (e.g., 32.1616)) |
| Receivables turnover | times |
| What are annual credit sales? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Annual credit sales | $ |
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The Millionaire Next Door The Surprising Secrets Of Americas Wealthy
Authors: Thomas J. Stanley, William D. Danko
1st Edition
1589795474, 978-1589795471
