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The following data were taken from The Candy Corporation's 2 0 1 8 annual report. All dollar amounts are in millions. table [ [
The following data were taken from The Candy Corporation's annual report. All dollar amounts are in millions.
tableFiscal Years EndingDecember December Sales$$Accounts receivable,
Required
a Compute Candy's accounts receivable turnover ratios for and Round your answers to decimal place.
b Compute Candy's average days to collect accounts receivables for and Do not round intermediate calculations. Round your answers to the nearest whole number.
c Based on the ratios computed in Requirements a and b did Candy's performance get better or worse from to
d Assume it took Candy days to collect its receivables. Using an interest rate of percent, calculate how much it cost Candy's to finance its receivables for days in Do not round intermediate calculations. Enter your answers in millions of dollars. Round your answer to decimal place.
tableaAccounts receivable turnover,,times,,timesbAverage days to collect receivables,,days,,dayscDid Candy's performance get better or worse from to dCost,,millions,,
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