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The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands): (a) Your answer is
The financial data for Sheridan Foods Inc. and Sunland Enterprises Ltd. for the current year are as follows (amounts in thousands): (a) Your answer is correct. Calculate the accounts receivable turnover for each company assuming that all sales are on account. (Round answers to 1 decimal place, e.g. 18.4.) eTextbook and Media Attempts: 1 of 3 used (b) Calculate the average number of days required by each company to collect its receivables. (Round answers to 1 decimal place, e.g. 18.4.)
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