What is the average investment in accounts receivables


Assignment:

The Tate Corporation has annual sales of $47 million. The average collection period is 36 days. What is the average investment in accounts receivables as shown on the balance sheet?

Solution Preview :

Prepared by a verified Expert
Corporate Finance: What is the average investment in accounts receivables
Reference No:- TGS02016190

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)