Question
Rise Above This, Inc., has an average collection period of 39 days. Its average daily investment in receivables is $44,800. Assume 365 days per year.
Rise Above This, Inc., has an average collection period of 39 days. Its average daily investment in receivables is $44,800. 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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Airline Finance
Authors: Peter S. Morrell
3rd Edition
0815387520, 9780815387527
