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a. Compute the accounts receivable turnover ratio and the average days to collect receivables for year three and for year two for both Mikey Inc.

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a. Compute the accounts receivable turnover ratio and the average days to collect receivables for year three and for year two for both Mikey Inc. and Armer Inc. Note: Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. b. Analyze the year-to-year results for both companies. Trends in Year 3 as compared to Year 2 for the Mikey Inc. indicate a Indicated by the accounts receivable turnover ratio Indicated by the average days to collect receivables These results indicate the following when comparing financial conditions of Year 2 to Year 3: Trends in Year 3 as compared to Year 2 for Armer Inc. indicate a a. Compute the accounts receivable turnover ratio and the average days to collect receivables for year three and for year two for both Mikey Inc. and Armer Inc. Note: Enter the answer rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. b. Analyze the year-to-year results for both companies. Trends in Year 3 as compared to Year 2 for the Mikey Inc. indicate a Indicated by the accounts receivable turnover ratio Indicated by the average days to collect receivables These results indicate the following when comparing financial conditions of Year 2 to Year 3: Trends in Year 3 as compared to Year 2 for Armer Inc. indicate a

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