The following data are taken from the financial statements of 112346

The following data are taken from the financial statements of Fleetwood Company.


Compute for each year (a) the receivables turnover ratio and (b) the average collection period. What conclusions about the management of accounts receivable can be drawn from these data? At the end of 2008, accounts receivable was$500,000.

$1.99
Sales 1
Views 196
Comments 0
  • CreatedApril 21, 2012
  • Files Included
Advertisment Here