Calculate the average collection period

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Reference no: EM131861567

Essence of Skunk Fragrances, Ltd., sells 6,600 units of its perfume collection each year at a price per unit of $770. All sales are on credit with terms of 3/15, net 60. The discount is taken by 50 percent of the customers.

Calculate the average collection period. (Round your answer to 2 decimal places (e.g., 32.16).)

Average collection period days

What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 3 decimal places (e.g., 32.161).)

Receivables turnover times

What is the amount of the company’s average accounts receivable? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Average accounts receivable $

Reference no: EM131861567

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