What is the receivables turnover, Accounting Basics

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What is the receivables turnover

Problem:

Rise Above This, Inc., has an average collection period of 52 days. Its average daily investment in receivables is $88,600. Assume 365 days per year.

Required:

Question 1: What is the receivables turnover?

Question 2: What are annual credit sales?

Note: Please provide equation and explain comprehensively and give step by step solution.

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Accounting Basics: What is the receivables turnover

Reference No:- TGS0892002

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Accounting Basics: What is the receivables turnover

Reference No:- TGS0892002

Have a Question? (oR Write a Review)

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Accounting Basics: What is the receivables turnover

Reference No:- TGS0892002

Recent Questions Asked Accounting Basics

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Q : What is the receivables turnover

Q : Calculate the average collection period

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