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Matrix Corp. reported the following figures from its financial statements for the years 2013 through 2015. Required:
A. Calculate for 2015:
1. Accounts receivable turnover
2. Average collection period
B. Calculate for 2014:
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 2014 to 2015. Then discuss how the trend in sales from 2013 to 2014 and 2015 may have affected the change in the ratios from 2014 to 2015.
Defender Strategies
Approaches used by organizations to protect their existing market share by improving efficiency and product quality, while not seeking to aggressively expand.
Prospector Strategies
Business strategies focused on growth and innovation, seeking out new markets, opportunities, and technologies to maintain competitive advantage.
Porter's Generic Strategies
A framework that outlines three strategies businesses can use to achieve competitive advantage: cost leadership, differentiation, and focus.
BCG Matrix
A strategic business tool to help organizations analyze their product lines or business units for strategic decision-making.
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