Foundations of Financial Management
Foundations of Financial Management
16th Edition
ISBN: 9781259277160
Author: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Publisher: McGraw-Hill Education
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Chapter 7, Problem 6P

Oral Roberts Dental Supplies has annual sales of $5,200,000 . Ninety percent are on credit. The firm has $559,000 in accounts receivable. Compute the value of the average collection period.

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