Question: The following data are presented for Pronghorn Ltd . for 2 0 2 4 : Calculate the receivables turnover and the average collection period for
The following data are presented for Pronghorn Ltd for :
Calculate the receivables turnover and the average collection period for accounts receivable in days, assuming all sales were on credit.
Round answers to decimal place, eg Use days for calculation.
Receivables turnover
Average collection period
times
days
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