The table below shows, for the three wholesale companies listed, the collection period in days over a three-year period:

Instructions
(a) What company had the best receivables turnover ratio in 2010?
(b) In which year did the industry suffer a recession in which customers underwent financial hardship?
(c) One of the companies was investigated in 2012 for improperly recording sales relating to 2013 in 2012.Whichcompany would it have been?
(d) Which company most likely factored its receivables? In what year?
(e) Following the recession, one of the companies tightened its credit-granting policies too much. Which company most likely did this?

Transcribed Image Text:

2012 Arctic Enterprises Ltd. Pacific Limited Maritime Inc. 2011 42 49 37 2010 30 29 36 29