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What is larry accounts receivable turnover

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Reference no: EM132672063

Larry's Lawn Equipment Company gives terms 2/10, n/30. Larry has annual credit sales of $500,000 and average accounts receivable of $60,000.

Problem a. What is Larry's accounts receivable turnover?

Problem b. What is Larry's average daily collection?

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

Reference no: EM132672063

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