Larrys lawn equipment company gives terms of 210 n30 larry, Ask an Expert

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Larry's lawn equipment company gives terms of 2/10, n/30. Larry has annual credit sales of $500,000 and average accounts receivable of $60,000. A. what is Larry's accounts receivable turnover? B. What is Larry's average daily collection? C. What is the relationship between the terms that Larry is giving and his average daily collection?

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