Question: Use the May Department Stores data in Exercise 8-26 to analyze days sales in receivables. a. Compute the days sales in receivables for the years

Use the May Department Stores data in Exercise 8-26 to analyze days’ sales in receivables.

a. Compute the days’ sales in receivables for the years ended January 29, 2005, and January 31, 2004. Round to one decimal place.

b. What conclusions can be drawn from these analyses regarding May Department Stores’ efficiency in collecting receivables?


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