Business Course Return to course !My Subscriptions LIWEIZHAN Finish attempt... eBook Print Oy Queston 6...
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Business Course Return to course !My Subscriptions LIWEIZHAN Finish attempt... eBook Print Oy Queston 6 Not complete Marked out of 2.00 P Hag question Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: Net Sales Beginning Accounts Receivable (net) Ending Accounts Receivable (net) 2015 2016 $71,050 $81,662 3.896 4,100 4,100 3.596 a. Calculate the accounts receivable turnover ratio for both years. (Round to two decimal points.) b. Calculate the average collection period for both years. (Use 365 days for calculation. Round to the nearest whole number.) C. Is the company's accounts receivable management improving or deteriorating 2015 a. Accounts receivable turnover b. Average collection period The company's receivable managemen Check Previous Save Answers Next
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