In analyzing Sharp Company's 20Y1 and 2012 financial statements, you notice that in 2012, sales,...
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Accounting
In analyzing Sharp Company's 20Y1 and 2012 financial statements, you notice that in 2012, sales, cost of goods sold and inventory each grew by 20%, accounts receivable grew by 25% and accounts payable grew 30%. Which of the following would be the most relevant question to ask Sharp's management? What caused your receivable collections to slow down? What caused your inventory holding period to slow down? Why didn't your receivable collection period grow as much as your payable payment period? Why didn't your gross profits grow in proportion to your sales
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