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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 )

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.
(1-b) Determine If days' sales uncollected Improved or worsened in the current year.
(2-a) Compute accounts recelvable turnover.
(2-b) Determine if accounts recelvable turnover ratio improved or worsened in the current year.
(3-a) Compute Inventory turnover.
(3-b) Determine If Inventory turnover ratio improved or worsened in the current year.
(4-a) Compute days' sales in Inventory.
(4-b) For each ratio, determine If days' sales in Inventory Improved or worsened in the current year.
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Compute days' sales uncollected.
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