Matrix Corp

question 103

Essay

Matrix Corp.reported the following figures from its financial statements for the years 2018 through 2020.
A.Calculate for 2020:
1.Accounts receivable turnover
2.Average collection period
B.Calculate for 2019:
1.Accounts receivable turnover
2.Average collection period
C.Interpret the receivables turnover and the average collection period,in general.Comment on the change in the ratio results from 2019 to 2020.Then discuss how the trend in sales from 2018 to 2019 and 2020 may have affected the change in the ratios from 2019 to 2020.

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Definitions:

Superego

In psychoanalytic theory, a part of the personality composed of the moral standards and ideals acquired from parents and society, functioning to judge and restrict one’s impulses.

Conscience

An inner sense of what is right and wrong in one's conduct and motives, urging one toward right action.

Reality

The state of things as they actually exist, outside of perception or beliefs.

Libido

The psychic drive or energy usually associated with sexual instinct that represents a fundamental human motive force.