PWX Inc. has the following information for its years ended June 30: Required: Calculate the accounts receivable

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PWX Inc. has the following information for its years ended June 30:


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Required:Calculate the accounts receivable turnover and average collection period for 20X3 and 20X2. Comment on the trend. What additional information would an analyst require to properly understand this trend?

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Related Book For  answer-question

Intermediate Accounting Volume 2

ISBN: 9781260881240

8th Edition

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

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