Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is

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Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is $42,300. What are annual credit sales? What is the receivables turnover? Assume 365 days per year.

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Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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Question Posted: Jun 26, 2019 09:36 AM

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Dieppe Inc. has an average collection period of 33 days. Its average daily investment in receivables is

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Fundamentals of Corporate Finance

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