Foundations Of Financial Management
Foundations Of Financial Management
17th Edition
ISBN: 9781260013917
Author: BLOCK, Stanley B., HIRT, Geoffrey A., Danielsen, Bartley R.
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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