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The Becker Milk Company Limited, a real estate and investment management company, reports the following information in its financial statements for the years ended April
The Becker Milk Company Limited, a real estate and investment management company, reports the following information in its financial statements for the years ended April 30, 2017, 2016, and 2015: Accounts receivable, net of allowance for doubtful accounts April 30, 2017 $357,896 April 30, 2016 152,403 April 30, 2015 614,255 Revenue, year ended April 30, 2017 3,656,548 April 30, 2016 3,766,437 April 30, 2015 3,952,076 Note 12: Revenue and Economic Dependence For the year ended April 30, 2017, the Company's largest single tenant, Alimentation Couche-Tard Inc., accounted for 85% (2016- 81%) of rental revenue. The accounts receivable turnover and days sales outstanding (or average collection period of accounts receivable in days) for the two most recent years are provided below: 2017 2016 Accounts Receivable Turnover 14.33 times 9.83 times Days sales outstanding 25.5 days 37.1 days Comment on the results of the accounts receivable turnover and days sales outstanding. BIUTTLE !!! eTextbook and Media Why do you think the company provided the information in Note 12? BIUTTLE E 101 Oword(s) Oword(s)
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