Dahlia Corporation has a current accounts receivable balance of $329,800. Credit salesfor the year just ended were $4,369,850.a. What is the company's receivables turnover? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g., 32.16.)b. What is the company's days' sales in receivables? (Use 365 days a year. Do notround intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)c. How long did it take on average for credit customers to pay off their accounts duringthe past year? (Use 365 days a year. Do not round intermediate calculations andround your answer to 2 decimal places, e.g., 32.16.)a. Receivables turnoverb. Days' sales in receivablesc. Average collection periodtimesdaysdays

Accounts receivable = $329,800Credit sales = $4,369,850

Answered: Dahlia Corporation has a current…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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