The following annual account balances are taken from Mizuno Sports at December 31. What is the change
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The following annual account balances are taken from Mizuno Sports at December 31.
What is the change in the number of days' sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving? Explain.
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2011 2010 Accounts receivable. Net sales 93,700 $90,450 $ 93,700 1,357,600 1,259,680
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