Compute the value of the average collection period
Question 1: Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288,000. Compute the value of the average collection period.Question 2: What is operating and financial leverage. How are they used?
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Thompson Wood Products has credit sales of $2,160,000 and accounts receivable of $288,000. Compute the value of the average collection period.
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