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The company has sales of $10,000,000, total assets of 2,400,000, fixed assets of $1,000,000, inventory of $600,000, and accounts receivable of $500,000. Calculate the company's
The company has sales of $10,000,000, total assets of 2,400,000, fixed assets of $1,000,000, inventory of $600,000, and accounts receivable of $500,000. Calculate the company's receivables turnover.
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To calculate the companys receivables turnover you can use the following formula ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
