Essay
The following data are taken from or calculated from the financial statements: 
(a)Assuming that credit terms on all sales are n/45, determine for each year (1) the accounts receivable turnover and (2) the number of days' sales in receivables.Round intermediate calculations to whole numbers and final answers to two decimal places.(b)Comment on any significant trends revealed by the data.
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(b)Although sales increased during ...View Answer
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