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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. a. For 20y2 and 20Y3, determine
The following data are taken from the financial statements of Sigmon inc. Terms of all sales are 2/10, n/45. a. For 20y2 and 20Y3, determine ( 1 ) the accounts recelvable turnover and (2) the number of days' sales in receivabies. Round answers to one decimal place. Assume a 365-day year, b. The collection of accounts receivable has . This can be seen in both the in accounts recelvable turnover and the in the collection period
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