At yearrsquos end your company has cash of 10500, Ask an Expert

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At year’s end your company has cash of $10,500, receivables of $49,900, inventory of $40,200, and prepaid expenses totaling $5,900, Liabilities of $56,500 must be paid next year. A year ago receivables stood at $68,100, and sales for the current year total $669,500. How many days did it take to collect your average level of receivables? (Assume 365days/year)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91375797

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