Answered: Robie Co. operates 365 days in a year.…

Robie Co. operates 365 days in a year. Its receivable on the average remain uncollected for 73 days. Credit sales are P274,200. What is the average receivable?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 2P: Medwig Corporation has a DSO of 17 days. The company averages 3,500 in sales each day (all customers...

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Robie Co. operates 365 days in a year. Its receivable on the average remain uncollected for 73 days. Credit sales are P274,200. What is the average receivable?

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