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BigorU [14]
3 years ago
5

The following data are taken from the financial statements of Bar Harbor Company:

Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

a. Accounts receivable turnover = Net sales on account/Average accounts receivable

<u>2017</u>

Accounts receivable turnover = $5,800,000/$530,000

Accounts receivable turnover = 10.94

<u>2016</u>

Accounts receivable turnover = $5,200,000 / $550,000

Accounts receivable turnover = 9.45

b. Average collection period = 365 days/Accounts receivable turnover

<u>2017</u>

Average collection period = 365/10.94

Average collection period = 33 days

<u>2016</u>

Average collection period = 365/9.45

Average collection period = 39 days

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c

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The rate of economic growth per capita in France from 1996 to 2000 was 1.9% per year, while in Korea over the same period it was
jenyasd209 [6]

Answer and Explanation:

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7 0
3 years ago
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences o
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<em>I hope this information can help you.</em>

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