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en year and one year ago follow. Assume that all sales are on credit and then compute (1) days sales Analyzing and interpret
At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash... Accounts receivable, net Merchandise inventory.... Prepaid expens
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Current Yr. 1 yr. Ago 1. Norsened worsened Days Sales fedep 41.20 days / 38.7 days Un collected Accounts Receivable 8. 8 timExplanation x 365 days 1. Days Sales uncollected Days Sales Un collected - Average Accounts Receivable Net Credit Sales DayAccounts Receivable Turnover: - Accounts Receivable Turnover for 1 year ago 532 000 Accounts Receivable Tumover Net Credit saInventory turn over for = Current year $411225 $ 97500 = 4.22 times 1 5.06 for wrrent = $97500 = $68250 Inventory tumover forplease note down for rounding up figures are higher rounding off .

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