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The Forrester Corporation disclosed the following financial information ( in millions ) in its recent annual report: a . Calculate the accounts receivable turnover ratio
The Forrester Corporation disclosed the following financial information in millions in its recent annual report:
a Calculate the accounts receivable turnover ratio for both years.
b Calculate the average collection period for both years.
Notes:
Round all answers to one decimal place.
Use rounded answer from part a to compute the average collection period.
c Is the company's accounts receivable management improving or deteriorating?
improvingThe Forrester Corporation disclosed the following financial information in millions in its recent annual report: Accounts Receivable Turnover and Average Collection Period The Forrester Corporation disclosed the following financial information in millions in its recent annual report: a Calculate the accounts receivable turnover ratio for both years. b Calculate the average collection period for both years. Notes: Round all answers to one decimal place. Use rounded answer from part a to compute the average collection period. c Is the company's accounts receivable management improving or deteriorating?
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