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Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: a. Calculate the
Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information (in millions) in its recent annual report: a. Calculate the accounts receivable turnover ratio for both years. b. Calculate the average collection period for both years. Notes: 1. Round all answers to one decimal place. 2. Use rounded answer from part a. to compute the average collection period. Curront Ratia, Quick Ratio, and Times-Interest-Earned Ratio The following daca is from the ourrenc accounting reconds of Florence Company. Company uses the allowance mothed to becounc for bad debes: 2. Calculate the current ratio under the following scenarios: Anound answers to two desimal places
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