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Macroware Corporation reported the following information in its financial statements for three successive quarters in r Required: Compute the receivables turnover ratio and the average
Macroware Corporation reported the following information in its financial statements for three successive quarters in
Required:
Compute the receivables turnover ratio and the average collection period for Q and Q Assume that each quarter consis days.
Note: Round "Receivables turnover ratio" answers to decimal places and "Average collection period" answers to de places.
Answer is complete but not entirely correct.
tableReceivables turnover ratio QtimesReceivables turnover ratio QtimesAverage collection period QdaysAverage collection period Qdays
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