What is the receivables turnover

Assignment Help Financial Management

Reference no: EM132025494

Music City, Inc., has an average collection period of 46 days. Its average daily investment in receivables is $67,800. Assume 365 days per year.

What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Receivables turnover ________ times

What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Annual credit sales $ __________

Reference no: EM132025494

Questions Cloud

What are the project annual cash flows : You must evaluate a proposal to buy a new milling machine. What are the project's annual cash flows during Years 1, 2, and 3?

Margin requirements on arbitrage strategy : Discuss the effect of leverage and margin requirements on the arbitrage strategy.

The company plans to replace the machine : If the company plans to replace the machine when it wears out on a perpetual basis, what is the EAC for machine A?

What is relationship and how does inflation affect libor : How is inflation related to Libor rates? What is the relationship and how does inflation affect LIBOR?

What is the receivables turnover : Music City, Inc., has an average collection period of 46 days. Its average daily investment in receivables is $67,800. What is the receivables turnover?

Opportunity to invest in new bread-making machine : Golden State Bakers, Inc. (GSB) has an opportunity to invest in a new bread-making machine. Would the machine be acceptable under these conditions?

Enforceable contract under the statute of frauds : Did these parties have an enforceable contract under the Statute of Frauds? Explain.

Margin requirements on the arbitrage strategy : Discuss the effect of leverage and margin requirements on the arbitrage strategy.

What will the stock price of harrods be after acquisition : What will the stock price of Harrods be after the acquisition?

User Account

All Pages