If Newton Manufacturers has an accounts receivable turnover of 4.8 times and net sales of $7,812,379, what
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If Newton Manufacturers has an accounts receivable turnover of 4.8 times and net sales of $7,812,379, what is its receivables?
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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