Problemit takes the crossroads boutique an average of 61, Ask an Expert

Finance

Problem:

It takes the Crossroads Boutique an average of 61 days to sell its inventory and 30 days to collect its accounts receivable. The firm has sales of $568,700 and costs of goods sold of $398,800.

Question: What is the accounts receivable turnover rate? Please provide all computation and formulas.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145865

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