Presented below are selected data from the financial statements of Medtech Company for 2016, 2015, and 2014.
A Calculate Medtech's accounts receivable turnover ratio for 2016 and 2015.
B What could have caused the change? Explain.
Definitions:
Emerging Trends
New developments or patterns that are likely to influence a particular area of interest or activity in the near future.
Weak Culture
An organizational state where shared values, beliefs, and practices are minimally embedded, leading to inconsistency in behavior and potentially impacting performance negatively.
Lack of Communication
Refers to the absence or insufficiency of information exchange between individuals, groups, or within organizations, leading to misunderstandings or conflicts.
Fragmentation/Inconsistency
The process of breaking or causing something to break into separate parts, leading to a lack of consistency or coherence.
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