The information below has been extracted from the financial statements of Supreme Sporting Goods Ltd. Required: a)
Question:
The information below has been extracted from the financial statements of Supreme Sporting Goods Ltd.
Required:
a) Calculate the following for years 2024 and 2025:
i. the receivables turnover ratio ii. average collection period of accounts receivable.
b) Based on the ratios calculated in requirement A, comment on the credit collection policies of the company. Advise what additional information could be would make an analysis of cash collection policies more meaningful?
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Related Book For 
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ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
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