Consider the following information for the PVI Corporation: Credit sales...............................................$17,465 Cost of goods sold................................... 12,216 Accounts receivable.................................

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Consider the following information for the PVI Corporation:

Credit sales...............................................$17,465

Cost of goods sold................................... 12,216

Accounts receivable................................. 3,210

Accounts payable.................................... 2,230

How long does it take PVI to collect on its sales? How long does PVI take to pay its suppliers?

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Corporate Finance

ISBN: 978-0071339575

7th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro

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Question Posted: Jun 17, 2015 03:26 AM

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Consider the following information for the PVI Corporation: Credit sales...............................................$17,465 Cost of goods sold................................... 12,216 Accounts receivable.................................

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Receivables turnover 174653210 544 times Average Collectio...View the full answer

Corporate Finance

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