Solution-What are its average accounts receivable balances

What are its average accounts receivable balances

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Clovis Industries had sales in 2006 of $40 million, 20 percent of which were cash. If Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances?

Reference no: EM131119731

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What are its average accounts receivable balances : Clovis Industries had sales in 2006 of $40 million, 20 percent of which were cash. If Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances?

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What are its average accounts receivable balances

Reference no: EM131119731

Reference no: EM131119731

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