If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is

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If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is their average collection period?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Mar 25, 2024 09:37 PM

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If Crossroads International has $3,000,000 in total sales (75% on credit) and receivables of $500,000, what is

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To find the average collection period we first need to calculate the average accounts receivable The... View the full answer

Foundations of Financial Management

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