Solution-How long on average does it take the firm

How long on average does it take the firm

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Reference no: EM131226894

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

Reference no: EM131226894

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How long on average does it take the firm : 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 receivable..

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How long on average does it take the firm

Reference no: EM131226894

Reference no: EM131226894

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