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While analyzing Winter Company's 20Y1 and 20Y2 financial statements, you note the following: (000s omitted) Sales Cost of goods sold Gross profit SG&A expenses
While analyzing Winter Company's 20Y1 and 20Y2 financial statements, you note the following: (000s omitted) Sales Cost of goods sold Gross profit SG&A expenses Accounts receivable Inventory Accounts payable 20Y1 $ 8,000 20Y2 $9,600 5,000 6,500 3,000 3,100 1,800 2,000 $ 600 $750 800 1,040 400 620 Approximately how much of the increase in Winter's accounts receivable is due to a slowdown in collections?
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