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I need help with my wrong answers in colour red: receivable turnover and collection period for 2021 and 2020. Please indicate your full solution and
I need help with my wrong answers in colour red: receivable turnover and collection period for 2021 and 2020. Please indicate your full solution and correct answers. Thank you.
PAGE INC. Statement of Financial Position (partial) December 31 (in thousands) 202120202019 Current assets Additional information: Calculate all possible liquidity ratios for 2021 and 2020. (Round current ratio to 2 decimal places e.g. 2.66. Round receivables turnover and inventory turnover to 1 decimal place e.g. 6.2. Round collection period and days sales in inventory to 0 decimal places e.g. 1,266. Enter working capital amounts in thousands e.g. 525.)Step by Step Solution
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