Find the average collection period

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A company computes its accounts receivable turnover to be 20. Based on this information, find the average collection period. If the company has a credit collection period of 30 days, explain the relationship between the credit collection period and the average collection period. If a company finds that its fixed asset turnover (net sales/fixed assets) has fallen to less than 1, what does this indicate? 3. Give an example of how financial statements can be used internally by the managers of a company.

Reference no: EM132201257

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