The Manana Corporation had sales of $83 million this year. Its accounts receivable balance averaged $2 million.
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The Manana Corporation had sales of $83 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?
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Related Book For
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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