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 35 days. Its average daily investment in receivables is $68,300. Assume 365 days per year.

Requirement:

Question 1: What is the receivables turnover?

Question 2: What are annual credit sales?

Note: Show supporting computations in good form.

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Accounting Basics: What is the receivables turnover

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Accounting Basics: What is the receivables turnover

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