A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is
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A7X, Inc., has an average collection period of 31 days. Its average daily investment in receivables is $94,000. What are annual credit sales? What is the receivables turnover?
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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