Question
The Ruben Corporation has annual sales of $36 million. The average collection period is 35 days. What is Ruben's average investment in accounts receivable as
The Ruben Corporation has annual sales of $36 million. The average collection period is 35 days. What is Ruben's average investment in accounts receivable as shown on the balance sheet? (Hint: calculate daily sales first.) Average Accounts Receivable: $ ____________.
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
