Martin Electronics has and account receivable turnover equal to 15 times. If accounts receivable are equal to $80,000 what is the average daily credit sales?
(round your answer to the nearest dollar amount)
Average daily credit sales: ?© BrainMass Inc. brainmass.com June 4, 2020, 12:33 am ad1c9bdddf
The solution explains how to calculate the average daily credit sales.