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Size of Accounts Receivable the Wind Surfer Corporation has annual sales of $57 million. The average collection period is 39

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Size of Accounts Receivable the Wind Surfer Corporation has annual sales of $57 million. The average collection period is 39 days. What is the Surfer Corporation has annual sales of $57 million. The average collection period is 39 days. What is the average investment in accounts receivable as shown on the balance sheet?

Accounts Receivable
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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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The receivables turnover is Receivables turnover 365 Ave…View the full answer


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Fundamentals of Corporate Finance

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Question Posted: May 09, 2011 06:18:10
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