Fast \& Now Incorporated reported the following rounded amounts (in millions): Required: 1. Determine the...
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Fast \& Now Incorporated reported the following rounded amounts (in millions): Required: 1. Determine the receivables turnover ratio and days to collect for 2019. 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in recelvables turnover. compared to 2018 , when the turnover was 977 ? Complete this question by entering your answers in the tabs below. Determine the receivables turnover ratio and days to collect for 2019. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Fast \& Now incorporated reported the following rounded amounts (in millions): Required: 1. Determine the receivables turnover ratio and days to collect for 2019. 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in recelvables turnover, compared to 2018 , when the turnover was 9.7 ? Complete this question by entering your answers in the tabs below. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2018 , when the turnover was 9.7
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