Polo Ralph Lauren Corporation designs, markets, and distributes a variety of apparel, home decor, accessory, and fragrance
Question:
Assume that accounts receivable (in millions) were $511,900 at the beginning of the 2008 fiscal year.
a. Compute the accounts receivable turnover for 2009 and 2008. Round to one decimal place.
b. Compute the days sales in receivables for 2009 and 2008. Round to one decimal place.
c. What conclusions can be drawn from these analyses regarding Ralph Laurens efficiency in collectingreceivables?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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