customers in jacksonville, fl have an average number of days to collect of 36.5. using this rate of collection, calculate the receivables turnover ratio for these customers. if the industry average receivables turnover is 9.5, do customers in jacksonville, fl pay faster or slower than the industry average?

Question

02-11-2022
Business

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customers in jacksonville, fl have an average number of days to collect of 36.5. using this rate of collection, calculate the receivables turnover ratio for these customers. if the industry average receivables turnover is 9.5, do customers in jacksonville, fl pay faster or slower than the industry average?

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