Question

The following data are taken from the financial statements of Morino Company.


(a) Compute for each year
(1) The receivables turnover
(2) The average collection period.
At the end of 2010, accounts receivable (net) was $480,000.
(b) What conclusions about the management of accounts receivable can be drawn from these data?


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  • CreatedMarch 11, 2013
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