Calculating the average collection period what is the, Financial Management

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Calculating the average collection period what is the

Calculating the Average Collection Period. Ordonez Lumber Yard has a current accounts receivable balance of $583, 174. Credit sales for the year just ended were $6, 787, 626. What is the receivables turnover? The days' sales in receivables? How long did it take on average for credit customers pay off their accounts during the past year?

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