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Assume that a company has an accounts receivable turnover ratio equal to 9.5. What is its number of days' sales in receivables?

Assume that a company has an accounts receivable turnover ratio equal to 9.5. What is its number of days' sales in receivables?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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Subject: financial accounting

Assume that a company has an accounts receivable turnover ratio equal to 9.5. What is its number of days' sales in receivables?
Transcribed Image Text:Assume that a company has an accounts receivable turnover ratio equal to 9.5. What is its number of days' sales in receivables?
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