Question: Explain LILY will be raw materials to work in process to finished goods, eventually and converted to receivables and eventually collected and converted into cash.

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LILY will be raw materials to work in process to finished goods, eventually and converted to receivables and eventually collected and converted into cash. Asset Utilization Liquidity Analysis 1. For Accounts Receivable Accounts Receivable Turnover Net Sales of P3,007,887 (2015) = 9.94 times Average Accounts Receivable of 277,467 + 327,611 2 (2014) E

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