The annual sales of a company are $47,000 including sales tax at 17.5%. Half of the sales are on credit terms; half are cash sales. The receivables are $4,700. What is the trade receivables collection period (to the nearest day)? A 37 days B 43 days C 73 days D 86 days

Medwig Corporation has a DSO of 25 days. The company averages $7,750 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.

Lupo, Inc., has an average collection period of 52 days. Its average daily investment in receivables is $70,300. Assume 365 days per year.   a. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)  b. What are annual credit sales? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Sweetens Cove, Incorporated, has weekly credit sales of $69400 and the average collection period is 23 days. What is the average accounts receivable figure?