Dome metals has credit sales of 522000 yearly with credit, Ask an Expert

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Dome Metals has credit sales of $522,000 yearly with credit terms of net 30 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 30 days to pay. a. What is the average receivables balance? (Use a 360-day year.) b. What is the receivables turnover? (Use a 360-day year.)

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Category:- Financial Management
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