SKIP THIS IF YOU HAVE ALREADY DONE THIS. THANK YOU MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW.I WILL UPVOTE. THANK YOUAverage collection period (days)2020Formula Average collection period (days) =Receivables turnover =7.848780942GivenSolution Average collection period (days) =3667.848780942Answer Average collection period (days) =46.631365Receivables turnover2019Receivables turnover =7.867414584Average collection period (days) =3657.867414584Average collection period (days) =46.393O

Accounts Reveivable Turnover ratio is a measure through which the ability of the company, to allow…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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SKIP THIS IF YOU HAVE ALREADY DONE THIS. THANK YOU

MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW.
I WILL UPVOTE. THANK YOU
Average collection period (days)
2020
Formula Average collection period (days) =
Receivables turnover =
7.848780942
Given
Solution Average collection period (days) =
366
7.848780942
Answer Average collection period (days) =
46.631
365
Receivables turnover
2019
Receivables turnover =
7.867414584
Average collection period (days) =
365
7.867414584
Average collection period (days) =
46.393
O

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