The Second Cup is a Canadian specialty coffee retailer with over 200 cafs that serve...
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Accounting
The Second Cup is a Canadian specialty coffee retailer with over 200 cafs that serve the needs of thousands of guests daily. Its annual reports include the following details (in thousands of Canadian dollars): Required: 1-a. Determine the receivables turnover ratio for 2014-2019. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) 1-b. Determine the average collection period for 2014-2019. (Use 365 days a year. Round the intermediate calculations to 2 decimal places and the final answers to the nearest whole number.)
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