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Type or paste question here The following information is taken from the records of Fellows Services Ltd. Accounts receivable Allowance for doubtful accounts Sales revenue
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The following information is taken from the records of Fellows Services Ltd. Accounts receivable Allowance for doubtful accounts Sales revenue Sales discounts 2009 $100,700 3,020 1,037,210 14,521 2008 $95,400 2,860 1,097, 100 17,554 2007 $89,640 2,690 1,120,500 16,808 Instructions: (a) Calculate the 2009 and 2008 accounts receivable turnover and collection period. (b) Comment on any improvement or weakening in Fellows' management of its receivablesStep by Step Solution
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