Question

The Becker Milk Company Limited, a real estate and investment management company, reports the following information in its financial statements for the years ended April 30, 2011, 2010, and 2009:
Note 8: Revenue
As of April 30, 2011, the company's largest single tenant, Alimentation Couche-Tard Inc., accounted for 86% of the revenue. It accounted for 84% of the revenue in 2010.
Instructions
(a) Calculate the accounts receivable turnover and days sales outstanding (or average collection period of accounts receivable in days) for the two most recent years provided.
b) Comment on your results.
(c) Why do you think the information in Note 8 was provided by the company?


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  • CreatedSeptember 18, 2015
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