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Required information ( 1 - a ) compute days saies uncollected. ( 1 - b ) For each ratio, determine if it improved or worsened
Required information a compute days saies uncollected.
b For each ratio, determine if it improved or worsened in the current year.
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Required A
Required B
Compute days' sales uncollected. a Compute days' sales uncollected.
b For each ratio, determine if it improved or worsened in the current year.
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For each ratio, determine if it improved or worsened in the current year.
Days' sales uncollected a Compute accounts receivable turnover.
b For each ratio, determine if it improved or worsened in the current year.
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Required A
Compute accounts receivable turnover.a Compute inventory turnover.
b For each ratio, determine if it improved or worsened in the current year.
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Compute inventory turnover.a Compute days' sales in inventory.
b For each ratio, determine if it improved or worsened in the current year.
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Required A
Required B
Compute days' sales in inventory.
The following information applies to the questions displayed below.
Simon Company's yearend balance sheets follow.
The companys income statements for the current year and one year ago follow. Assume that
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