Question 7 of 7 -/2 View Policies Current Attempt in Progress The following information is...
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Question 7 of 7 -/2 View Policies Current Attempt in Progress The following information is available from the annual reports of Ayayai Corp. and Whispering Winds Corp. Companies. (In millions) Ayayai Corp. Whispering Winds Corp. $ 40,600 Sales $ 122,000 25,000 4,000 Beginning receivables, net Ending receivables, net 15,100 4,100 Based on the preceding information, compute the following for each company: (Round answers to 1 decimal place, eg. 15.2. Use 365 days for calculation.) 1. Accounts receivable turnover. (Assume all sales were credit sales.) Average collection period. 2. Ayayai Corp. Whispering Winds Corp. 1. Accounts receivable turnover times times 2. Average collection period days days e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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