What is the receivables turnover, Finance Basics

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What is the receivables turnover

Problem:

Rise Above This, Inc., has an average collection period of 56 days. Its average daily investment in receivables is $69,800. Assume 365 days per year.

Required:

Question 1: What is the receivables turnover?

Question 2: What are annual credit sales?

Note: Provide support for your rationale.

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Finance Basics: What is the receivables turnover

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Finance Basics: What is the receivables turnover

Reference No:- TGS0880609

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Determine the quigleys wacc

Q : Estimate of the company cost of equity

Q : Npv of accepting the lockbox agreement

Q : Reduction in outstanding cash balances

Q : What is the receivables turnover

Q : Determine the payout ratio

Q : Find out the company wacc

Q : Weighted average of that implied by two outstanding

Q : Expected return and standard deviation of returns

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the receivables turnover

Reference No:- TGS0880609

Recent Questions Asked Finance Basics

Q : Determine the quigleys wacc

Q : Estimate of the company cost of equity

Q : Npv of accepting the lockbox agreement

Q : Reduction in outstanding cash balances

Q : What is the receivables turnover

Q : Determine the payout ratio

Q : Find out the company wacc

Q : Weighted average of that implied by two outstanding

Q : Expected return and standard deviation of returns

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