A airplanes normally sells 125000 of its product on credit, Finance Basics

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A airplanes normally sells 125000 of its product on credit

A + Airplanes normally sells $125,000 of its product on credit each day, and it takes an average of 40 days to collect the credit sales.

(a) What is the average accounts receivable that is reported on A+'s balance sheet?

(b) What is the company's accounts receivable turnover?

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Finance Basics: A airplanes normally sells 125000 of its product on credit

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Finance Basics: A airplanes normally sells 125000 of its product on credit

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