Question
b. Average collection period (Assume that the accounts receivable balance was 950 on December 31 of the previous year and that year 1 sales were
b. Average collection period (Assume that the accounts receivable balance was 950 on December 31 of the previous year and that year 1 sales were 2,700.)
| Year 2 ACP | days |
| Year 1 ACP | days |
d. Quick ratio
| Year 2 quick ratio | |
| Year 1 quick ratio | |
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
14th Edition
0137943601, 9780137943609
