Suppose the days'-sales-in-receivables ratio of Peanuts Inc. increased from 33 days at January 1 to 45 days

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Suppose the days'-sales-in-receivables ratio of Peanuts Inc. increased from 33 days at January 1 to 45 days at December 31. Is this a good sign or a bad sign about the company? What might Peanut Inc.'s management do in response to this change?

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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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Question Posted: Dec 21, 2016 10:40 AM

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Suppose the days'-sales-in-receivables ratio of Peanuts Inc. increased from 33 days at January 1 to 45 days

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An increase in days sales in receivables is generally a negative ...View the full answer

Accounting

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