Dome metals has credit sales of 144000 yearly with credit, Finance Basics

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Dome metals has credit sales of 144000 yearly with credit

Question: Dome Metals has credit sales of $144,000 yearly with credit terms of net 30 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 30 days to pay. What is the average receivables balance? Receivables turnover?

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Finance Basics: Dome metals has credit sales of 144000 yearly with credit

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Finance Basics: Dome metals has credit sales of 144000 yearly with credit

Reference No:- TGS02583055

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