Use the Circuit City data in Exercise 8-22 to analyze days' sales in receivables. a. Compute the
Question:
a. Compute the days' sales in receivables at the end of 2003 and 2002. Round to one decimal place.
b. What conclusions can be drawn from these analyses regarding Circuit City's efficiency in collecting receivables?
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a 2003 79 days 216200 9953530 365 2002 61 days 159477 9518231 365 b The ...View the full answer
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Related Book For 
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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