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Can anyone help me with this? This is for Thor Industries you can find their Annual Report on google, it wouldn't let me attach on
Can anyone help me with this? This is for Thor Industries you can find their Annual Report on google, it wouldn't let me attach on here.
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6. Calculate the company's account receivable turnover ratio for both this year and the prior year. Show your computations. Note: If net credit sales is not available use net sales This year Net credit sales Average net A/R Last year Explain what information this ratio provides. Use complete sentences Has the current ratio improved or worsened? Explain. Use complete sentences Comment on the trend in total revenue. Is it increasing or decreasing over the two- year period? 7. Calculate the company's days' sales in receivables for both this year and the prior year. Show your computations, This year 365 days A/R turnover ratio Last year Explain what information this ratio provides. Use complete sentences. Has the current ratio improved or worsened? Explain. Use complete sentences. Evaluate the company's receivables collection. In your answer, consider the type of product(s) the company makes and sells, the industry in which the company operates and the type of customer it serves. Refer to the information obtained in your research and ratio analysisStep by Step Solution
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