Rise above this inc has an average collection period of 68, Ask an Expert

Accounting

Rise Above This, Inc., has an average collection period of 68 days. Its average daily investment in receivables is $90,100. Assume 365 days per year.

Required:

Question 1: What is the receivables turnover?

Question 2: What are annual credit sales?

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167447

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