Question
The following annual account balances are from Armour Sports at December 31. Year 2 Year 1 Accounts receivable $ 38,773 632,000 $ 56,450 846,448
The following annual account balances are from Armour Sports at December 31. Year 2 Year 1 Accounts receivable $ 38,773 632,000 $ 56,450 846,448 Net sales Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2. (Round your "Days' Sales Uncollected" to 1 decimal place.) Days' Sales Uncollected Choose Denominator: Choose Numerator: 1 Days = Days' Sales Uncollected X X 1 = Days' sales uncollected Year 2: 1 = days Year 1: 1 days Is the company's collection of receivables improving? O Yes O No X X
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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