Question: Fast & Now incorporated reported the following rounded amounts (in millions): Required: 1. Determine the receivables turnover ratio and days to collect for 2019. 2.
Fast \& Now incorporated reported the following rounded amounts (in millions): Required: 1. Determine the receivables turnover ratio and days to collect for 2019. 2. Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared t 2018 , when the turnover was 8.8 ? Complete this question by entering your answers in the tabs below. Determine the recelvables turnover ratio and days to collect for 2019. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.)
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