Problem 9-10 ABCD Corporation has credit sales of $10,440,000 and receivables of $1,360,000. Assume there are 365
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Problem 9-10
ABCD Corporation has credit sales of $10,440,000 and receivables of $1,360,000. Assume there are 365 days in a year.
A. What is the receivables turnover?_________?????? Round your answer to two decimal places.
B. What is the average collection period (days sales outstanding)?_______ ?????Round your answer to the nearest whole number.
C. If the company offers credit terms of 35 days, are its receivables past due? _____?????_Round your answer to the nearest whole number. Enter zero if the receivables are not past due.
- -Select-(YesNo)???? , it is days overdue.________?????
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