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Sorry for many questions i tried to delete previous questions but i dont know how I need solutions to this please (In millions) 20x6 20X7
Sorry for many questions i tried to delete previous questions but i dont know how I need solutions to this please (In millions) 20x6 20X7 Balance sheet 20X5 Current assets: e7oe80 Short-term investments.. Receivables, net of allowance 50 145 160 for doubtful accounts of 7, 6, and 4, respectively 290 Inventories.360 70 935 260 345 10 855 230 310 40 E 740 Prepaid expenses.... Total current assets Total current liabilitis.560 610 680 Income statement Net sales 5,890 5,150 4,200 1. Compute current ratio and days' sales in receivables for 20X7 and 20X6 2. Which ratio(s) improved from 20X6 to 20X7 and which ratios) deteriorated? Is this I Requirements trend favorable or unfavorable
Sorry for many questions i tried to delete previous questions but i dont know how
I need solutions to this please
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