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Accounts Receivable Turnover and Average Collection Period Verne Corporation disclosed the following financial information (in millions) in its recent annual report: a. Calculate the accounts
Accounts Receivable Turnover and Average Collection Period Verne Corporation disclosed the following financial information (in millions) in its recent annual report: 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 your answer to the nearest whole number.) c. Is the company's accounts receivable management improving or deteriorating
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