What is the amount of the company average receivables

Assignment Help Financial Management

Reference no: EM131907374

Essence of Skunk Fragrances, Ltd., sells 6,700 units of its perfume collection each year at a price per unit of $830. All sales are on credit with terms of 2/15, net 90. The discount is taken by 45 percent of the customers.

Calculate the average collection period. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average collection period days

What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

Receivables turnover times

What is the amount of the company’s average receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average receivables $

Reference no: EM131907374

Questions Cloud

What are the main role of ethics in corporate governance : What are the options that were available for ENRON managers to avoid bankruptcy? What are the main role of ethics in corporate governance?

What will be the new months needed to amortize the debt : What will be the new months needed to amortize the debt?

What is the current carrying cost : What is the current carrying cost? What is the order cost?

What is current value of company : What is the current value of the company? What will the value of the company be if it takes on debt equal to 50 percent of its levered value?

What is the amount of the company average receivables : Calculate the average collection period. What is the amount of the company’s average receivables?

Bond issue should be refunded when : A bond issue should be refunded when. Which of the following is not a characteristic of a capital lease?

Unsympathetic-inflexible and unskilled worker : How would clients be disadvantaged, for example, by an unsympathetic, inflexible, unskilled worker?

Nonconstant growth-Corporation is expanding rapidly : Nonconstant growth Microtech Corporation is expanding rapidly and currently needs to retain all of its earnings. what is the value of the stock today?

Consider when doing financial planning and budgeting : Discuss some of the complications that management should consider when doing financial planning and budgeting.

User Account

All Pages