What is the receivables turnover and annual credit sales

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A7X, Inc., has an average collection period of 22 days. Its average daily investment in receivables is $81,000. (Enter your answer as directed, but do not round intermediate calculations.)

Requirement 1: What is the receivables turnover? (Round your answer to 3 decimal places (e.g., 32.161).) Receivables turnover times

Requirement 2: What are annual credit sales? (Round your answer to 2 decimal places (e.g., 32.16).) Annual credit sales $

Reference no: EM131085595

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