The following annual account balances are taken from Armour Sports at December 31. What is the change

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The following annual account balances are taken from Armour Sports at December 31.

What is the change in the number of daysâ€™ sales uncollected between years 2012 and 2013? (Round the number of days to one decimal.) According to this analysis, is the companyâ€™s collection of receivables improving?Explain.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 26, 2013 10:03 AM

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The following annual account balances are taken from Armour Sports at December 31. What is the change

Question:

2013 2012 Accounts receivable ....$ 85,692 80.485 Net sales . ...2,691,855 2.396.858

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Interpretation The collection of accounts receivable seems ...View the full answer

Fundamental accounting principle

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