Maple Industries has an inventory period of 45 days, an accounts receivable period of 8 days, and an accounts payable period of 5 days. The company's annual sales are $245,000. Calculate how many times per year the company turns over its accounts receivable.

Maple Industries has an inventory period of 45 days, an accounts receivable period of 8 days, and an accounts payable period of 5 days. The company's annual sales are $245,000. Calculate how many times per year the company turns over its accounts receivable.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...

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Solve this problem general Accounting

Maple Industries has an inventory period of 45 days, an accounts
receivable period of 8 days, and an accounts payable period of 5 days.
The company's annual sales are $245,000. Calculate how many times
per year the company turns over its accounts receivable.

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