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Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30. nearest

image text in transcribed Accounts Receivable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all sales are 2/10, n/30. nearest whole dollar and final answers to one decimal place. j b. What conclusion can be drawn from these data concerning accounts receivable and credit policies? The collection of accounts receivable has became aggressive in collecting accounts receivable or in accounts receivable turnover and the : restrictive in granting credit to customers in Year 3. in the collection period. The company either This can be seen in the ?restrictive in granting credit to customers in Year 3

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