Rise Above This, Inc., has an average collection period of 33 days. Its average daily investment in

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Rise Above This, 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: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Mar 13, 2014 08:57 AM

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