Use the Following to Answer Questions

question 103

Essay

Use the following to answer questions
The following partial income statement and balance sheet information (in $ millions)comes from the Annual Report of Saratoga Springs Co.for the year ending 12/31/2016:
Required: Compute the following amounts for Saratoga Springs Co.
-Its average collection period for 2016.Round your final answer to one decimal place.

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Definitions:

Authority

The legitimate power granted to individuals or groups, typically within an organizational structure, to make decisions and enforce rules.

Connection Power

The influence gained from networking or building relationships with influential individuals or groups.

Networks

The interconnected system of nodes (which can be individuals, organizations, or computers) that allows for the exchange of information, resources, or services.

Support

Assistance or aid provided to individuals or organizations to help them cope, grow, or improve.