How long is the defensive period of the operation in 2021 (360days)

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A: The objective of the question is to calculate the common-size percentages for the income statement…

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A: Solution: Cash flow statement is the statement which represents the flows of cash transactions…

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Q: Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA…

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A:

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A: AVERAGE DAYS COLLECTION=ACCOUNT RECEIVABLENET SALEX 360

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A: TURNOVER:  Turnover in accounting is how much a business makes sales during a period of time.

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Income Statement

Income Statement also commonly called a profit and loss statement, one of the key financial statements (considered together with balance sheet and cash flow statement) which shows the revenues and expenses, as well as the gains and losses of a company for a given period. In other words, it presents the financial performance/profitability of a business over a specified accounting period.