The following annual account balances are taken from ProTeam Sports at December 31. What is the change
Question:
The following annual account balances are taken from ProTeam 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.
Transcribed Image Text:
2011 $ 75,692 70.484 2,591.933 2,296,673 2010 Accounts receivable.. Net sales.
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Interpretation The collection of accounts receivable seems to be ...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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