Exercise 7-30(Algo) Ratio analysis; Macroware [L07-9] Macroware Corporation reported the following information in...
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Exercise Algo Ratio analysis; Macroware L Macroware Corporation reported the following information in its financial statements for three successive quarters $ in millions: Required: Compute the receivables turnover ratio and the average collection period for Q and Q Assume that each quarter consists of days. Note: Round "Receivables turnover ratio" answers to decimal places and "Average collection period" answers to decimal places. Answer is complete but not entirely correct. 
Exercise Algo Ratio analysis; Macroware L
Macroware Corporation reported the following information in its financial statements for three successive quarters $ in millions:
Required:
Compute the receivables turnover ratio and the average collection period for Q and Q Assume that each quarter consists of
days.
Note: Round "Receivables turnover ratio" answers to decimal places and "Average collection period" answers to decimal
places.
Answer is complete but not entirely correct.
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