Calculating the average collection period

Calculating the average collection period

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3-Calculating the Average Collection Period. Pujols Lumber Yard has a current account receivable balance of $527,167. Credit sales for the year just ended were $5,938,267. What is the receivable turnover? The day's sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

Reference no: EM13688256

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