Skips repair shop has an average account receivable of
$9,108. Sales for the year were $16,325. What is the shops account receivable
turnover? Using this answer, compute the average collection period? (Assume a
average account receivable=9108
per day account receivable=9108/365=25
average collection period=7217/365=20 per day
sorry 1st ans was wrong this is the right ans...............
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