Solved: Determine the value for average daily credit sales, Financial Accounting

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Determine the value for average daily credit sales

Average daily sales

Response to the following problem:

The Chamberlain Corporation has an accounts receivable turnover equal to 12 times. If accounts receivable are equal to $90,000, what is the value for average daily credit sales?

Provide step by step calculations.

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Financial Accounting: Determine the value for average daily credit sales

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Financial Accounting: Determine the value for average daily credit sales

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