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How long on average does it take the firm
Course:- Finance Basics
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Franklin County Foundry has a total asset turnover rate of 1.10 and their profit margin is 9.40 percent. There are $102,546 in accounts receivable and assets total $1,230,526. The How long on average does it take the firm to collect its receivables?

a. 13.20 days

b. 27.65 days

c. 52.81 days

d. 112.8 days

e. 388.2 days




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