Matrix Corp

question 16

Essay

Matrix Corp. reported the following figures from its financial statements for the years 2015 through 2017. Required:
A.Calculate for 2017:
1.Accounts receivable turnover
2.Average collection period
B.Calculate for 2016:
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 2016 to 2017.Then discuss how the trend in sales from 2015 to 2016 and 2017 may have affected the change in the ratios from 2016 to 2017.

---

Definitions:

Toxic

Describes substances that are harmful or deadly to living organisms, potentially causing damage through chemical reactions or other pathways when ingested, inhaled, or absorbed.

Essential Amino Acids

Amino acids that the body cannot synthesize on its own and must be obtained through the diet.

Complete Protein

A source of protein that contains an adequate proportion of all nine essential amino acids necessary for the dietary needs of humans.

Essential Fatty Acid

Fatty acids that the body cannot synthesize on its own and must be obtained through diet, important for various biological functions.