Benton, Inc., has an average collection period of 24 days. Its average daily investment in receivables is

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Benton, Inc., has an average collection period of 24 days. Its average daily investment in receivables is $49,300. What are annual credit sales? What is the receivables turnover? Assume 365 days per year.

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Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Aug 24, 2021 06:52 AM

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Benton, Inc., has an average collection period of 24 days. Its average daily investment in receivables is

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Fundamentals Of Corporate Finance

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