Based on the following data and using a 365-day year,compute a the accounts receivable turnover and b the number of days' sales in receivables for year 2 to 2 decimal places.The industry average turnover is 20 times during the year,and the number of days' sales in receivables averages 25.c Comment on this situation.
Definitions:
Investigation
The systematic inquiry or study into something for the purpose of discovering or establishing facts and reaching new conclusions.
Education
A systematic process of learning and training to acquire knowledge, skills, values, beliefs, and habits, typically through instruction in various forms such as schools, colleges, or universities.
Ethical Implications
The moral consequences or considerations that result from a particular action, decision, or policy.
Restraint Study
Research that investigates the effects of controlling or limiting certain behaviors, usually to understand aspects of self-control and compulsion.
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