Homework Answers
Answers
| 2018 | 2019 | |
| Accounts receivables Turnover = Net Sales / Average accounts receivables | 15.17 | 17.24 |
| Average collection period = 365/Turnover ratio | 24 | 21 |
| The company receivables management | IMPROVES, as average collection period is decreasing | |
--Working
| 2018 | 2019 | |
| Accounts receivables Turnover = Net Sales / Average accounts receivables | =97096/((6450+6355)/2) | =111662/((6598+6355)/2) |
| Average collection period = 365/Turnover ratio | =365/15.17 | =365/17.24 |
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