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The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on average, does it take the
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on average, does it take the firm to collect on its sales? OA) 16.7 days B) 12.2 days OC) 24.3 days D) 15.0 days
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Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo
6th Edition
0137845073, 978-0137845071
