Question: Problem 7.22 (Algo) Credit policy decision with changing variables [LO7-4] Dome Metals has credit sales of $108,000 yearly with credit terms of net 60 days,

Problem 7.22 (Algo) Credit policy decision with changing variables [LO7-4] Dome Metals has credit sales of $108,000 yearly with credit terms of net 60 days, which is aiso the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay. b. What is the receivables turnover? Note: Use a 360-day year

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