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D. A schedule containing Miramar's accounts receivable and net sales for 2021 to 2023 is pending analysis (15 points) Item Accounts Receivable Net Sales 2021
D. A schedule containing Miramar's accounts receivable and net sales for 2021 to 2023 is pending analysis (15 points) Item Accounts Receivable Net Sales 2021 2022 2023 $400,000 $428,000 $441,000 $7,271,400 $7,533,560 $7,811,200 Required: 1. Describe the formula of accounts receivable to net credit sales. 2. What is possible outcomes this analitycal procedure? 3. Prepare an analytical procedure by computing Accounts Receivable to Net Sales. 4. Compare and discuss.
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