Based on the following data and using a 365-day year,compute (a)the accounts receivable turnover and (b)the number of days' sales in receivables.The industry average is a collection period of once every 20 days,and the number of days' sales in receivables averages 25.(c)Comment on this situation.
Definitions:
Systematic Risk
A type of risk that affects all securities in a market or market segment, unable to be lessened through diversification.
Influences
Factors or forces that have an effect on the outcomes or behaviors in a situation.
Assets
Assets refer to resources owned or controlled by a person or business with economic value and expected to provide future benefits.
Market Risk
Market risk refers to the potential for an investor to experience losses due to factors that affect the overall performance of the financial markets.
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