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Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 were $8,281 million, compute the
Assuming that all revenues were net credit sales, and that the total accounts receivable (net) at the end of 2011 were $8,281 million, compute the receivables turnover for 2015 and 2014. (Hint: Assume the total of accounts receivable is in trade receivables). Round your answer to two decimal places. What is your evaluation of the ratio and the difference between the two years?
http://corporate.ford.com/content/dam/corporate/en/investors/reports-and-filings/Annual%20Reports/2015-Annual-Report.pdf
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