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The Sligo Co.is planning on merging with the Thorton Co.Sligo will pay Thorton's equityholders the current value of their equity in shares of Sligo.Sligo currently has 2,300 shares of equity
Outstanding at a market price of £20 a share.Thorton has 1,800 shares outstanding at a price of £15
A share.How many shares of equity will be outstanding in the merged firm?
Receivables Turnover Ratio
The Receivables Turnover Ratio measures how effectively a company collects its outstanding credit, calculated by dividing net credit sales by the average accounts receivable.
Notes Receivable
Financial assets representing amounts owed to a company, payable within a certain period.
Dishonoured
Pertains to a financial instrument, like a check or promissory note, that is not paid upon presentation due to insufficient funds or any other reason for non-payment.
Receivables Turnover Ratio
A financial metric that measures how effectively a company collects on its outstanding accounts receivable in a given period.
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