Question

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


(a) Compute for each year
(1) The accounts receivable turnover
(2) The average collection period.
At the end of 2013, accounts receivable (net) was $480,000.
(b) What conclusions about the management of accounts receivable can be drawn from thesedata?


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  • CreatedJanuary 30, 2014
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