What is rams receivables collection period


The following information relates to RAM Corporation:

                Accounts receivable                      $160,000

                Total credit sales                         $2,500,000

                Accounts payable $220,000

What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year. (answer with two decimal points)

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Financial Management: What is rams receivables collection period
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