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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 39
Calculate the average collection period for Shutterbug Cameras from Exercise 10 assuming that the credit sales for the year amounted to $8,550,000.
b. Assuming that the industry average for similar firms is 48 days, evaluate the company's ratio.
b. Assuming that the industry average for similar firms is 48 days, evaluate the company's ratio.
Explanation
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a)
Average collection period (in days) r...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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