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Starset, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. Assume 365 days per year. a. What
Starset, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $81,200. Assume 365 days per year. |
a. | What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) |
b. | What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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