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Accounts Recelvable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all saies are 2/10,n/30. a. For
Accounts Recelvable Analysis The following data are taken from the financial statements of Rise and Shine Company. Terms of all saies are 2/10,n/30. a. For Years 2 and 3 , determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. b. What conciusion can be drawn from these dato concerning accounts receivable and credit policies? The collection of accounts recelvable has - This can be seen in the in accounts receivable turnover and the collection period. The company either became 3. aggressive in collecting accounts receivable or restrictive in granting credit to customers in Year
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