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Milsonic Mfg

Question 4

Multiple Choice

Milsonic Mfg.has been evaluating its short-term financial management practices recently.Below are its uncollected balance percentages for the most recent quarter as well as for the previous year's percentages. Milsonic Mfg.has been evaluating its short-term financial management practices recently.Below are its uncollected balance percentages for the most recent quarter as well as for the previous year's percentages.   Neither its credit policy nor its collection strategies have changed,and its sales mix is identical to last year's.Based on its numbers,one can conclude that Milsonic's collection experience is A) the same as last year B) worse than last year C) better than last year D) cannot be determined without further information Neither its credit policy nor its collection strategies have changed,and its sales mix is identical to last year's.Based on its numbers,one can conclude that Milsonic's collection experience is


A) the same as last year
B) worse than last year
C) better than last year
D) cannot be determined without further information

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