Evil pop inc has an average collection period of 29 days, Ask an Expert

Finance

Evil Pop, Inc., has an average collection period of 29 days. Its average daily investment in receivables is $69,300. Assume 365 days per year.

What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Receivables turnover times

What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Annual credit sales

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91600948

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