A firm with credit sales of $ 5 0 0 , 0 0 0 has an average
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Question:
A firm with credit sales of $ has an average accounts receivable of $ The industry average for accounts receivable turnover is times a year. What would be the reduction in accounts receivable if this firm were to achieve a turnover comparable to the industry average?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
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