Fundamentals of Corporate Finance
Fundamentals of Corporate Finance
11th Edition
ISBN: 9780077861704
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 20, Problem 2QP

Size of Accounts Receivable [LO1] The Red Zeppelin Corporation has annual sales of $31 million. The average collection period is 27 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year.

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Fundamentals of Corporate Finance

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