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DESCRIPTION For this case study, your group will analyze and evaluate the business and financial performance of Nicoles Gateway Spa (NGS). Your team of 4-5
DESCRIPTION For this case study, your group will analyze and evaluate the business and financial performance of Nicoles Gateway Spa (NGS). Your team of 4-5 members has been hired by Nicole Gateway Spa as their Financial Consultants. NGS is going through changes and would like your advice in the form of a report on several accounting topics. When preparing the report, consider the ratios and interpretation of profitability, solvency, and liquidity. The written recommendation to NGS should cover the following topics: CLO 1: As a small business, NGS has made changes in their Accounts Receivable Policy in the past year. But Nicole is unsure whether the changes have made a difference. o Calculate 2021 and 2020 Days to Collect Receivable and Receivables Turnover. Evaluate the short-term solvency for NGS based on the year-over-year change. Financial data is below
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