Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? 2. Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? 3. According to the map, does there seem to be a relationship between customer profitability and average days to collect? 4. If the entire receivable balance in Minneapolis, MN is attributable to one company, and management decides to write off the receivable balance because it is judged uncollectible, what effect will the write-off have on Rare Finds' Total Assets? On its Net Income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? Shortest average days to collect Longest average days to collect A Knoxville, TN Denver, CO number of days to collect is better for Rare Finds. lower higher < Required 1 Required 2 > Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? 2. Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? 3. According to the map, does there seem to be a relationship between customer profitability and average days to collect? 4. If the entire receivable balance in Minneapolis, MN is attributable to one company, and management decides to write off the receivable balance because it is judged uncollectible, what effect will the write-off have on Rare Finds' Total Assets? On its Net Income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? Average Receivables Turnover in Jacksonville, FL times Customers in Jacksonville, FL pay than the industry average. < Required 1 Required 3 > Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? 2. Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? 3. According to the map, does there seem to be a relationship between customer profitability and average days to collect? 4. If the entire receivable balance in Minneapolis, MN is attributable to one company, and management decides to write off the receivable balance because it is judged uncollectible, what effect will the write-off have on Rare Finds' Total Assets? On its Net Income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 According to the map, does there seem to be a relationship between customer profitability and average days to collect? No, there is not a relationship between customer profitability and collection times. Yes, more profitable customers generally have shorter collection times. Yes, more profitable customers generally have longer collection times. < Required 2 Required 4 > Required: 1. According to the map, the average days to collect ranges from 23.83 to 53.88. Which location has the shortest average days to collect? Which location has the longest average days to collect? Is a lower or a higher number of days to collect better for Rare Finds? 2. Customers in Jacksonville, FL have an average number of days to collect of 36.5. Using this rate of collection, calculate the receivables turnover ratio for these customers. If the industry average receivables turnover is 9.5, do customers in Jacksonville, FL pay faster or slower than the industry average? 3. According to the map, does there seem to be a relationship between customer profitability and average days to collect? 4. If the entire receivable balance in Minneapolis, MN is attributable to one company, and management decides to write off the receivable balance because it is judged uncollectible, what effect will the write-off have on Rare Finds' Total Assets? On its Net Income? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 If the entire receivable balance in Minneapolis, MN is attributable to one company, and management decides to write off the receivable balance because it is judged uncollectible, what effect will the write-off have on Rare Finds' Total Assets? On its Net Income? Total Assets Net Income < Required 3 Required 4 >