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Accounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. This information has
Accounts receivable analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions belon Open spreadsheet a. For 20 Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. b. The collection of accounts receivable has . This can be seen in both the in accounts receivable turnover and the in the collection period
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