The following annual account balances are taken from Armour Sports at December 31. What is the change
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The following annual account balances are taken from Armour Sports at December 31.
What is the change in the number of days’ sales uncollected between years 2012 and 2013? (Round the number of days to one decimal.) According to this analysis, is the company’s collection of receivables improving?Explain.
Transcribed Image Text:
2013 2012 Accounts receivable ....$ 85,692 80.485 Net sales . ...2,691,855 2.396.858
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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