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Maddox resources has credit sales of180000 yearly with

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Maddox Resources has credit sales of$180,000 yearly with credit terms of net 30 days, which is also the averagecollection period. Maddox does not offer a discount for early payment, so its customerstake the full 30 days to pay. What is the average receivables balance? What is thereceivables turnover?

Reference no: EM13615582

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