Accounts Receivable Analysis Bassett Stores Company and Fox Stores Inc. are large retail department stores....
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Accounts Receivable Analysis Bassett Stores Company and Fox Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both companies for two recent years is as follows (all numbers are in millions): Bassett Fox Merchandise sales $281,050 $394,200 Credit card receivablesbeginning 31,977 83,109 Credit card receivablesending 26,697 63,987
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