What is the receivables turnover

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ACP and Receivables Turnover Music City, Inc., has an average collection period of 39 days. Its average daily investment in receivables is $73,000. What are annual credit sales? What is the receivables turnover?

Reference no: EM131416466

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What is the receivables turnover : ACP and Receivables Turnover Music City, Inc., has an average collection period of 39 days. Its average daily investment in receivables is $73,000. What are annual credit sales? What is the receivables turnover?

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