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E 8 - 1 6 ( Algo ) Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [ LO 8 - 4 ] QuickShip
EAlgo Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect LO
QuickShip Corporation reported the following rounded amounts in millions:
Required:
Determine the receivables turnover ratio and days to collect for
Do the measures calculated in requirement represent an improvement or deterioration in receivables turnover, compared to
when the turnover was
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