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Need to fill in the blanks of a) and b) Maxwell Ltd reported $400 million in credit sales each in both 2018-2019 and 2019 -2020.

Need to fill in the blanks of a) and b)

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Maxwell Ltd reported $400 million in credit sales each in both 2018-2019 and 2019 -2020. Average accounts receivable dropped from $55 million to $ 45 million over the two periods. Do not use decimals, commas, spaces or dollar signs ($) in your numerical answers. Round off your answer to nearest. To be able to do the question you need to fill each box. Required: a). Calculate how has debtors turnover changed?( round to nearest). Debtor turnover 2018-19 Days Debtor turnover 2019-20 Days b) Comment on Debtor turnover days that whether average collection period ( ACP) has increased or decreased over two year period? Does this indicate more or less effective credit policies and strict procedures taken by Maxwell Lid

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