What is the receivables turnover

Reference no: EM13256552

Dome Metals has credit sales of $468,000 yearly with credit terms of net 60 days, which is also the average collection period. Dome does not offer a discount for early payment, so its customers take the full 60 days to pay.

(a) What is the average receivables balance? (Use 360 days in a year. Omit the "tiny_mce_markerquot; sign in your response.)

(b) What is the receivables turnover? (Use 360 days in a year. Enter only numeric value.)

Reference no: EM13256552

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