Solution-What is the receivables turnover

What is the receivables turnover

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Music City, Inc., has an average collection period of 41 days. Its average daily investment in receivables is $70,800. Assume 365 days per year.

What is the receivables turnover? (Round your answer to 4 decimal places (e.g., 32.1616).)

What are annual credit sales? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131238454

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What is the receivables turnover

Reference no: EM131238454

Reference no: EM131238454

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