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Please answer. Accounts Receivable Turnover and Average Collection Period The Longo Corporation disclosed the following financial information ( in millions ) in its recent annual
Please answer. Accounts Receivable Turnover and Average Collection Period The Longo Corporation disclosed the following financial information in millions in its recent annual report: Net Sales $ $ Beginning Accounts Receivable net Ending Accounts Receivable net Calculate the accounts receivable turnover ratio for both years. Round your answer to two decimal points. Calculate the average collection period for both years. Use days for calculation. Round to the nearest whole number. Is the company's accounts receivable management improving or deteriorating? a Accounts receivable turnover Answer Answer b Average collection period Answer Answer days c The company's receivable management AnswerImprovedDeteriorated
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