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Check my work Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate
Check my work Smiley Jams is well known for its fruit jams and Sir Tomato is the company behind Big Green canned vegetables. To evaluate their ability to collect on credit sales, consider the following rounded information in the annual reports famounts in millions Fiscal Year Ended April 30: Net Salex Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance 2014 miley 2015 $6,890 2016 $9,000 571 $6,810 2016 $ 2.480 196 Sir Tomato 2015 $2,85 192 551 2014 $11.140 200 Required: 1. Calculate the receivables turnover ratios and days to collect for Smiley Jams and Sir for the fiscal years ended in 2016 and 2015. (Use 365 days in a year. Round your answers to 1 decimal place. Use final rounded answers from Accounts Receivable Turnover Ratio for Days to Collect ratio calculation.) 2016 Srolley Jams Sir Tomato Smiley Jams Tomato Receivables Turnover Ratio Days to Collect
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