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The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected.
The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: (1-a) Compute days' sales uncollected. (Use cells A4 to E29 from the given information to complete this question.) (1-b) Determine if days' sales uncollected improved or worsened in the current year. Days' sales uncollected (2-a) Compute accounts recelvable turnover. (Use cells A4 to E29 from the given information to complete this question.) (2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year. Accounts receivable turnover (3-a) Compute inventory turnovec. (Use cells A4 to E29 from the given information to complete this question.) (3-b) Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (Use cells A4 to E29 from the given information to complete this question.) (3-b) Determine if inventory turnover ratio improved or worsened in the current year. Inventory turnover (4-a) Compute days' sales in inventory. (Use cells A4 to E29 from the given information to complete this question.) (4-b) For each ratio, determine if days' sales in inventory improved or worsened in the current year
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