WestJet Airlines Ltd. pioneered low-cost flying in Canada, offering service throughout its 71-city North American and Caribbean

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WestJet Airlines Ltd. pioneered low-cost flying in Canada, offering service throughout its 71-city North American and Caribbean network. WestJet reported the following (in millions of dollars):
WestJet Airlines Ltd. pioneered low-cost flying in Canada, offering service

The accounts receivable (in millions) were $17 at the beginning of the year ended December 31, 2009.
a. Compute the accounts receivable turnover for 2010 and 2009. Round to one decimal place.
b. Compute the days€™ sales in receivables for 2010 and 2009. Round to one decimal place.
c. Do the ratios indicate an improvement or a decline in WestJet Airlines Ltd.€™s ability to manage accounts receivable?
d. Assuming an industry average accounts receivable turnover of 21.0 times, is WestJet Airlines Ltd. more or less efficient than other companies in the industry?

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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