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 2014 and 2015? (Round the number of days to one decimal.) According to this analysis, is the company's collection of receivables improving? Explain.

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:58 AM

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The following annual account balances are taken from Armour Sports at December 31. What is the change

Question:

2015 2014 Accounts receivable... 100,000 85,000 Net sales 2,500,000 2,000,000

Step by Step Answer:

Interpretation It took the company 09 days less to collect ...View the full answer

Fundamental Accounting Principles

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