The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales...

 

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The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales Year 2 $ 59,568 1,167,533 Year 1 $ 57,325 1,090,531 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2. (Do not round intermediate calculations. Round your "Days' Sales Uncollected" to 1 decimal place.) Year 2: Year 1: Days' Sales Uncollected Choose Numerator: Choose Denominator: x Days x === Days Day x = x = b. Is the company's collection of receivables improving? Saved e from Armour Sports at December 31. Year 1 $ 57,325 1,090,531 the number of days' sales uncollected for the diate calculations. Round your "Days' Sales Days' Sales Uncollected Choose Denominator: ables improving? X Days = II X X X = Days' Sales Uncollected Days' sales uncollected days days 3 Check my work The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales Year 2 $ 59,568 1,167,533 Year 1 $ 57,325 1,090,531 a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2. (Do not round intermediate calculations. Round your "Days' Sales Uncollected" to 1 decimal place.) Year 2: Year 1: Days' Sales Uncollected Choose Numerator: Choose Denominator: x Days x === Days Day x = x = b. Is the company's collection of receivables improving? Saved e from Armour Sports at December 31. Year 1 $ 57,325 1,090,531 the number of days' sales uncollected for the diate calculations. Round your "Days' Sales Days' Sales Uncollected Choose Denominator: ables improving? X Days = II X X X = Days' Sales Uncollected Days' sales uncollected days days 3 Check my work

Answer rating: 100% (QA)

Lets start by calculating the Days Sales Uncollected DSU for Year 1 and Year 2 using the ... View the full answer