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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.
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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