Dome Metals has credit sales of $486,000 yearly with credit terms of net 90 days, which...

    

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Dome Metals has credit sales of $486,000 yearly with credit terms of net 90 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 90 days to pay. a. What is the average receivables balance? (Use a 360-day year.) Average receivables balance b. What is the receivables turnover? (Use a 360-day year.) Receivables turnover times Dome Metals has credit sales of $486,000 yearly with credit terms of net 90 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 90 days to pay. a. What is the average receivables balance? (Use a 360-day year.) Average receivables balance b. What is the receivables turnover? (Use a 360-day year.) Receivables turnover times

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Dome Metals Receivables Analysis a Average Receivables Balance To calculate the average receivables ... View the full answer