Question: Analyze the following information for Lighting.com, an online direct- to-designer lighting store (expressed in millions of dollars) and identify whether the trend in accounts

Analyze the following information for Lighting.com, an online direct- to-designer lighting store

Analyze the following information for Lighting.com, an online direct- to-designer lighting store (expressed in millions of dollars) and identify whether the trend in accounts receivable is favourable or unfavourable when compared to the trend in net sales. Net sales Accounts receivable 2023 $50.0 13.0 2022 $40.0 8.8 2021 $39.0 7.8

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