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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 62
Accounts receivable analysis
The following data arc taken from the financial statements of Sigmon Inc. Terms or all sales are 2/10, n/45.
A. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. (Round to the nearest dollar and one decimal place.)
B. What conclusion can be drawn from these data concerning accounts, receivable and credit policies?
The following data arc taken from the financial statements of Sigmon Inc. Terms or all sales are 2/10, n/45.
A. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. (Round to the nearest dollar and one decimal place.)
B. What conclusion can be drawn from these data concerning accounts, receivable and credit policies?
Explanation
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Accounts Receivable analysis
Accounts r...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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