Question

The following data are taken from the financial statements of Encore Technology Inc. Terms of all sales are 2/10, n/45.


a. For 2012 and 2011, determine
(1) The accounts receivable turnover and
(2) The number of days’ sales in receivables. Round to nearest dollar and one decimal place.
b. What conclusions can be drawn from these data concerning accounts receivable and creditpolicies?


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  • CreatedFebruary 04, 2014
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