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can you please help to show detail calculation for the attached questions? Thank you! Question 4 [9 points] JenCo reported the following information in its
can you please help to show detail calculation for the attached questions? Thank you!
Question 4 [9 points] JenCo reported the following information in its financial statements for three successive quarters during the 2021 fiscal year ($ in millions): Three Months Ended 2021/05/01 (Q3) 2021/01/24 (Q2) 2020/10/25 (Q1) Balance sheets: Accounts receivable, net $2,670 $1,975 $1,288 Income statements: Sales revenue $5,660 $5,295 $5,104 Assuming that each quarter consists of 91 days answer the following questions. (a) Compute the receivables turnover ratio for the second quarter. Please make sure your final answer is accurate to 2 decimal places. IReceivables turnover ratio = I (b) Compute the days' sales uncollected for the second quarter. Please make sure your final answer is accurate to the nearest whole number. IDays' sales uncollected = days (c) Compute the receivables turnover ratio for the third quarter. Please make sure your final answer is accurate to 2 decimal places. IReceivables turnover ratio = I (d) Compute the days' sales uncollected for the third quarter. Please make sure your final answer is accurate to the nearest whole number. IDays' sales uncollected = days (e) Is the change in days' sales uncollected favourable or unfavourable? IThe change in the ratio is (select one)Step by Step Solution
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