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  1. business
  2. accounting
  3. the company's income statements for the current ye

The company's income statements for the current year and one year ago...

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Accounting

The company's income statements for the current year and one year ago follow. Assume that all sales are on credit:
(1-a) Compute days' sales uncollected.
(1-b) Determine If days' sales uncollected Improved or worsened in the current year.
(2-a) Compute accounts recelvable turnover.
(2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year.
(3-a) Compute Inventory turnover.
(3-b) Determine If Inventory turnover ratio improved or worsened in the current year.
(4-a) Compute days' sales in Inventory.
(4-b) For each ratio, determine If days' sales in Inventory Improved or worsened in the current year.
Complete this question by entering your answers in the tabs below.
Compute days' sales uncollected.
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