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Accounts Receivable Turnover and Average Collection Period The Andrew Miler Corporation disclosed the following financial information in milions) in its recent annual report 2012 2013
Accounts Receivable Turnover and Average Collection Period The Andrew Miler Corporation disclosed the following financial information in milions) in its recent annual report 2012 2013 Net Sales 5137,073 515176 Beginning Accounts Receivable 6.896 Ending Account Recev a. Calculate the accounts receivable turnover ratio for both years. (Round your answer to two decimal points) b. Calculate the average collection period for both years. (Use 365 days for calculation, Round to the nearest whole number) c. is the company's accounts receivable management improving or deteriorating? 2012 2013 0 . Avere collection period c. The company's receive management Please answer all parts of the question Previous SaveAnswers
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