The Manana Corporation had sales of $88.4 million this year. Its accounts receivable balance averaged...
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Finance
The Manana Corporation had sales of $88.4 million this year. Its accounts receivable balance averaged $4.5 milion. How long, on average, does it take the firm to collect on its sales? (Hint: Use 365 days for a year.) The collection period is days. (Round to one decimal place
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