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Question: S5f, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. What is is the receivables turnover? {Financial Accounting}

Question: S5f, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. What is is the receivables turnover? {Financial Accounting}

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.2.1MBA
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Question: S5f, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. What is is the receivables turnover? {Financial Accounting}
Transcribed Image Text:Question: S5f, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. What is is the receivables turnover? {Financial Accounting}
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