What is the receivables turnover

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Reference no: EM13266098

Essence of Skunk Fragrances, Ltd., sells 8,700 units of its perfume collection each year at a price per unit of $730. All sales are on credit with terms of 2/15, net 60. The discount is taken by 80 percent of the customers.

Calculate the average collection period. (Round your answer to 2 decimal places.

What is the receivables turnover?

Reference no: EM13266098

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