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

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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 12MC: South Rims has an accounts receivable balance at the end of 2018 of $357,470. The net credit sales...
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S5f, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. What is the receivables turnover? {Financial Accounting}

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