assignment 34) Microsoft Word File Home Insert Page Layout Reterences Mailings Review View Find Replace a Copy T CLO Style Heading 1 Heading2 Heading 3 Heading 4Ste StylesSelect Editing Font Paragraph Styles Section l (10Marks) [CLO1] Mary Gonzales is evahuating companies in the office supply industry and has compled the following information 20x 20X2 Company Credit Sales Average Receivables Credit Sales Average Receivables Balance (S) 1 million Balance (S) 12 millon 1.5 million 1 million 0.2 million 5.4 million 6 million 4 milion 5 million million 0.8 million 0.1 milion 5 million 0 0.6 million 28 milion Industry25 million Requirements 1. Which ofthe companies ha d the highest number of days ofreceivables for the year 20X1 (1 Marks) 2. Which of the comp anies has the lowest accounts receivable tumover im the yeair 20X2? ( Marks) 3. The industry average receivables collection period: (2 Marks) 4. Which of the companies reduced the average time it took to collect on accounts receivable from 20X1 to 20X2? (2 Marks) . Mary detemined that Company A had an operating cycle of 100 days in 20X2 whereas Company D had an operating cycle of 145 days for the same fiscal year. What does mean that? (2 Marks) 6 Wite a paragraph analyzingthe situations of the companies and the industry during the two years of observations. (2 Marks) Page: 2 ot 3 Words: 531 English (U.S.)