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The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. This information has been collected in
The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Assume a 365-day year. Do not round intermediate calculations. Round your answers to one decimal place. b. The collection of accounts receivable has in accounts receivable turnover and the! . This can be seen in both the in the collection period
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