Calculate and interpret the days? sales uncollected for 2020 and 2019 based on the following selected information

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Calculate and interpret the days? sales uncollected for 2020 and 2019 based on the following selected information for Lumbar Cushions Company (round to two decimal places):

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Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

Question Posted: Dec 19, 2019 04:47 AM

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Calculate and interpret the days? sales uncollected for 2020 and 2019 based on the following selected information

Question:

2020 2019 $ 220,000 2,380,000 Accounts receivable. $ 160,000 1,450,000 Net sales..

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1600000200000 2300002 744 this is favourable relative to the industry ...View the full answer

Fundamental Accounting Principles Volume II

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