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Sicromoft, Inc. has an average collection period of 32 days. Its average daily investment in receivables is $1,100,000 A. What are annual credit sales? $

Sicromoft, Inc. has an average collection period of 32 days. Its average daily investment in receivables is $1,100,000

A. What are annual credit sales? $ ____________.

PART B:What is the receivables turnover? Round to two decimal places.

AR Turnover: ____________ times.

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