Rise Above This, Inc., has an average collection period of 39 days. Its average daily investment in

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Rise Above This, Inc., has an average collection period of 39 days. Its average daily investment in receivables is $47,500. What are annual credit sales? What is the receivables turnover?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 16, 2016 02:05 PM

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Rise Above This, Inc., has an average collection period of 39 days. Its average daily investment in

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Fundamentals of corporate finance

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