The manana corporation had sales of 60 million this year, Ask an Expert

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The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million. How? long, on? average, does it take the firm to collect on its? sales? (Use 365 days for a? year.

A. The accounts receivable turnover is approximately _____ times per year. (Round 1 decimal point)

B. The average collection period is _____ days. (Round to the nearest integer)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92258653

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