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mework with Video Assistance - REVISED Question 11 of 14 View Policies Current Attempt in Progress Presented below is information for Sandhill Company. 1. Beginning-of-the-year
mework with Video Assistance - REVISED Question 11 of 14 View Policies Current Attempt in Progress Presented below is information for Sandhill Company. 1. Beginning-of-the-year Accounts Receivable balance was $24.800. 2. Net sales (all on account for the year were $107,700. Sandhill does not offer cash discounts. 3. Collections on accounts receivable during the year were $88,700. Question 11 of 14 List of Accounts Compute Sandhill's accounts receivable turnover and days to collect receivables for the year. The company does not believe it will have any bad debts. (Round answers to 2 decimal places, eg. 4.57.) Accounts receivable turnover times Days to collect accounts receivable days List of Accounts Use the turnover ratio computed in (b) to analyze Sandhill's liquidity. The turnover ratio last year was 5.7. This is a trend in liquidity e Texth good Media bad List of Accounts
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