The information below has been extracted from the financial statements of Crystal Craft Ltd. Required A. Calculate
Question:
The information below has been extracted from the financial statements of Crystal Craft Ltd.
Required
A. Calculate the following for years 2016 and 2017:
1. Receivables turnover ratio
2. Average collection period of accounts receivable.
B. Using your calculations in requirement A, comment on the credit collection policies of the company. What additional information could be used to make an analysis of cash collection policies more meaningful?
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A Receivables turnover ratio The formula to calculate the Receivables Turnover ratio is Receivabl...View the full answer
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Related Book For 
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ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
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