What is larry accounts receivable turnover

Reference no: EM131796531

Question: Larry's lawn equipment company gives terms of 2/10, n/30. Larry has annual credit sales of $500,000 and average accounts receivable of $60,000.

A. What is Larry's accounts receivable turnover?

B. What is Larry's average daily collection?

C. What is the relationship between the terms that Larry is giving and his average daily collection?

Reference no: EM131796531

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