Receivables turnover-what are annual credit sales

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Reference no: EM13943010

Vang, Inc., has an average collection period of 19 days. Its average daily investment in receivables is $78,000.What is the receivables turnover? What are annual credit sales?

Reference no: EM13943010

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Receivables turnover-what are annual credit sales : Vang, Inc., has an average collection period of 19 days. Its average daily investment in receivables is $78,000.What is the receivables turnover? What are annual credit sales?

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