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Business, 06.12.2021 19:30 duyphan

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. 20Y3 20Y2 20Y1
Accounts receivable, end of year $725,000 $650,000 $600,000
Sales on account 5,637,500 4,687,500
a. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables.
b. The collection of accounts receivable has___. This can be seen in both the___in accounts receivable turnover and the___in the collection period.

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The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/1...
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