Computing the average collection period.


Question:

Oral Roberts Dental Supplies has annual sales of $5,625.000. Eighty percent are on credit. The firm has $475,000 in accounts receivable. Compute the value of the average collection period.

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.Provide step by step solutions for the above question

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Finance Basics: Computing the average collection period.
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