If a firm has sales of $25,689,000 a year, and the average collection period for the industry

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If a firm has sales of $25,689,000 a year, and the average collection period for the industry is 45 days, what should this firm’s accounts receivable be if the firm is comparable to the industry?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:25 AM

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If a firm has sales of $25,689,000 a year, and the average collection period for the industry

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Basic Finance An Introduction to Financial Institutions Investments and Management

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