Use the May Department Stores data in Exercise 8-26 to analyze days sales in receivables. a. Compute

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Use the May Department Stores data in Exercise 8-26 to analyze days’ sales in receivables.

a. Compute the days’ sales in receivables for the years ended January 29, 2005, and January 31, 2004. Round to one decimal place.

b. What conclusions can be drawn from these analyses regarding May Department Stores’ efficiency in collecting receivables?

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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Question Posted: May 29, 2012 08:42 AM

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Use the May Department Stores data in Exercise 8-26 to analyze days sales in receivables. a. Compute

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a b The days sales in receivables indicates a decrease in t...View the full answer

Financial Accounting An Integrated Statements Approach

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