Question: C 4 . BUSINESS APPLICATION Robinson Products Co . , a major consumer goods com pany, sells more than 3 , 0 0 0 products
C BUSINESS APPLICATION Robinson Products Co a major consumer goods com pany, sells more than products in countries. Its report to the Securities an Exchange Commission in presented the following data: Compute the ratio of uncollectible accounts expense to net sales and to accounts receivable and the ratio of allowance for uncollectible accounts to accounts receivable for and Round to two decimal places for net sales and one decimal place for accounts receivable. Compute the receivables turnover and days' sales uncollected for each year assuming that net accounts receivable in were $ Round to one decimal place or to the nearest whole day. What is your interpretation of the ratios? Describe management's attitude toward the collectability of accounts receivable over the threeyear period.
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