MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
Transcribed Image Text: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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