Receivables turnover-what are annual credit sales
Course:- Financial Management
Reference No.:- EM13943010

Assignment Help >> Financial Management

Vang, Inc., has an average collection period of 19 days. Its average daily investment in receivables is $78,000.What is the receivables turnover? What are annual credit sales?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Management) Materials
(Cost of preferred stock) Your firm is planning to issue preferred stock. The stock is expected to sell for $98.64 a share and will have a $100 par value on which the firm wil
We know the following about Radice. Total assets are $120m, D is $40m, E is $60m, preferred stock of $20m, cash is $10m and the # of shares is 1m. We estimate that the market
You are considering the purchase of Crown Bakery, Inc. common stock that just paid a dividend od $19.59 per share. You expect the dividend to grow at a rate of 1.04 percent pe
Chris invests X at the beginning of each year for 8 years. The original payments earn an annual effective interest rate of 5%, but the interest received on the original paymen
Production of the implants will require $1,530,000 in net working capital to start and additional net working capital investments each year equal to 20 percent of the projecte
In general, how is the increase in the value of the firm produced by a positive net present value project distributed between the firm's creditors and shareholders? The credit
Net working capital is $12,700, current assets are $38,200, equity is $53,400, and long-term debt is $11,600. How is the net fixed asset calculated from the information provid
If you were a manager of a company, which of the three right side components of the DuPont Identity would you want to increase and which would you want to decrease, other thin