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Delta company has determined that, on average, it turns its receivables over 1 4 . 5 times per year. Last year its receivables turnover was
Delta company has determined that, on average, it turns its receivables over times per year. Last year its receivables turnover was Calculate both year days in receivables, and indicate if this is a positive or negative trend. Current year days in receivables? Previous year days in receivables?
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