Question
The Manana Corporation had sales of $56.2 million this year. Its accounts receivable balance averaged $7.5 million. How long, on average, does it take the
The Manana Corporation had sales of $56.2 million this year. Its accounts receivable balance averaged $7.5 million. How long, on average, does it take the firm to collect on its sales? (Hint: Use 365 days for a year.)
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
