22 Jul WHAT IS THE RECEIVABLES TURNOVER?
Essence of Skunk Fragrances Ltd. sells 8400 units of its perfume collection each year at a pr Show more Essence of Skunk Fragrances Ltd. sells 8400 units of its perfume collection each year at a price per unit of $550. All sales are on credit with terms of 2.5/10 net 60. The discount is taken by 65 percent of the customers. Calculate the average collection period. (Round your answer to 2 decimal places. (e.g. 32.16)) Average collection period days What is the receivables turnover? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 3 decimal places. (e.g. 32.161)) Receivables turnover times What is the amount of the companys average receivable? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16)) Average receivables $ Show less
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