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Please I want to solve this issue. E 6-91 LO Ratio Analysis The following are summary financial data for Parker Enterprises, Inc., and Boulder, Inc.,
Please I want to solve this issue.
E 6-91 LO Ratio Analysis The following are summary financial data for Parker Enterprises, Inc., and Boulder, Inc., for the recent years: Year 3 Year 2 Year 1 $ 3,700 17,825 $ 3,875 16,549 $ 3,882 15,242 Net sales in millions): Parker Enterprises, Inc... Boulder, Inc. Net accounts receivable (in milions): Parker Enterprises, Inc. Boulder, Inc. 1,400 5,525 1,800 5,800 1,725 6.205 1. Using the above data, compute the accounts receivable turnover and average collection period for each company for Years 2 and 3. 2. Which company appears to have the better credit manaoement noli Step by Step Solution
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