A company reports the following:
Determine the a accounts receivable turnover, and b number of days’ sales in receivables. Round your answer to one decimal place.
Definitions:
Market Portfolio
A theoretical portfolio that contains all assets in the market, with each asset weighted according to its market capitalization.
Required Rate
The minimum annual percentage return that an investment must yield to be considered a viable option by an investor.
Constant Growth DDM
A valuation model that estimates the value of a dividend-paying stock by using predicted dividends that grow at a constant rate in perpetuity.
Intrinsic Value
The inherent or true value of a security, based on underlying assets and earnings, independent of its market value.
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