What is the receivables turnover, Accounting Basics

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What is the receivables turnover

Rise Above This, Inc., has an average collection period of 68 days. Its average daily investment in receivables is $90,100. Assume 365 days per year.

Required:

Question 1: What is the receivables turnover?

Question 2: What are annual credit sales?

Note: Provide support for your underlying principle.

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Accounting Basics: What is the receivables turnover

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