Essence of skunk fragrances. Ltd. sells 6100 units of its perfume collection each year at a price per unit of $470. All sales on credit with terms of 3/10
net 40. The discount taken by 40 percent of the customers.
a. Average collection period (days)? round answer to 2 decimal places.
b. Receivable turnover (times)? use 365 days a year. do not round intermediate calculations and round your final answer to 3 decimal places.
c. Average receivables ($)? Do not round intermediate calculations and round your final answer to 2 decimal places.
Please clearly label each answer as abc and provide work: thank you
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