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XYZ, Inc., has an average collection period of 52 days. Its average daily investment in receivables is $88,600. Assume 365 days per year. a. What

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XYZ, Inc., has an average collection period of 52 days. Its average daily investment in receivables is $88,600. 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.) a. Receivables turnover b. Annual credit sales times

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